Question to the Department for Education:

To ask His Majesty's Government whether they plan to provide financial education to every child in every school by the end of this Parliament; and whether financial education is being considered in their ongoing review of the school curriculum.

Financial education is currently taught through 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. The national curriculum is compulsory for maintained schools. However, all schools are measured by Ofsted on having a broad and balanced curriculum which is comparable to the national curriculum.

High and rising school standards are at the heart of the government’s mission to break down barriers to opportunity and give every child the best start in life. That is why the government announced a Curriculum and Assessment Review on 19 July 2024, chaired by Professor Becky Francis CBE.

Following the independent review, the government will legislate to require all state schools teach the reformed national curriculum. This will give parents certainty over the core of their children’s education.

The review group will publish an interim report early in 2025, setting out their interim findings and confirming the key areas for further work. The final report, with recommendations, will be published in autumn 2025.