Question to the Department for Education:

To ask the Secretary of State for Education, if she will make it her policy to expand the teaching of financial education in schools.

The new national curriculum, introduced in September 2014, made financial literacy statutory for the first time. It is taught 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.

All schools do have a duty to provide their pupils with a broad and balanced curriculum and financial education can be delivered as part of this. Financial education can also be addressed more broadly as part of extra-curricular activities. Programmes such as the National Citizen Service give young people the chance to plan and potentially fundraise for a social action project.

There are currently no plans to review the national curriculum.