Question to the Department for Education:

To ask the Secretary of State for Education, if she will take steps to ensure the Curriculum review includes a focus on practical financial skills.

The Curriculum and Assessment Review's final report was published on 5 November. As part of its focus on preparing learners for a changing world, the Review has recommended updating or strengthening five areas of applied knowledge: financial literacy, media literacy, digital literacy, oracy and climate education.

The government’s response to the Review’s report was published on the same day. Through our reforms, children will be better prepared for the modern world.

Improved financial literacy, taught from an early age, will help children and young people master money skills. The department will do this by making citizenship compulsory in key stages 1 and 2. Additionally, references to financial education in the mathematics and citizenship programmes of study will be strengthened, and the relevant content sequenced appropriately, so that content can then be applied to practical situations, contexts, and problems. We will ensure that key concepts relevant to financial education, such as calculating interest, are first introduced in mathematics.