Question to the Department for Education:

To ask the Secretary of State for Education, whether she has made an assessment of the potential merits of embedding financial literacy more systematically across the national curriculum to support long-term household financial resilience and informed retail investment.

Education is a devolved matter, and the response outlines the information for England only.

Financial education currently forms a compulsory part of the national curriculum for mathematics, at key stages 1 to 4, and citizenship, at key stages 3 and 4, which together cover personal budgeting, saving for the future, managing credit and debt and calculating interest. Primary schools are free to teach financial education within citizenship. The non-statutory primary citizenship programme of study at key stages 1 and 2 equip pupils to look after their money and realise that future wants and needs may be met through saving.

The government has established an independent Curriculum and Assessment Review, covering ages 5 to 18, chaired by Professor Becky Francis CBE. The Review seeks to deliver a rich, broad, inclusive and innovative curriculum that equips young people with the knowledge, skills and attributes needed to thrive in life and work.