Question to the Department for Education:

To ask the Secretary of State for Education, what guidance his Department provides to (a) primary and (b) secondary schools on the amount of financial education that should be provided to students.

In 2014 financial literacy was made statutory within the national curriculum as part of the citizenship curriculum for 11 to 16 year olds. Pupils are taught the functions and uses of money, the importance of personal budgeting, money management and the need to understand financial risk.

The Department has introduced a rigorous new mathematics curriculum, which provides young people with the knowledge and financial skills to make important financial decisions. The Government has published statutory programmes of study for mathematics and citizenship that outline what pupils should learn about financial education from Key Stages 1-4.

The Department trusts schools to use their professional judgement and understanding of their pupils to develop the right teaching approach for their particular school, drawing on the expertise of subject associations and organisations such as Young Money.