Paul Maynard – 2014 Parliamentary Question to the Department for Education

The below Parliamentary question was asked by Paul Maynard on 2014-05-07.

To ask the Secretary of State for Education, what steps he has taken to include financial capability education in the national curriculum; and what guidance his Department has issued on such education.

Elizabeth Truss

The new mathematics curriculum will ensure that all young people leave school with an understanding of the mathematics skills needed for personal finance.

For the first time financial literacy will also be a compulsory part of citizenship for 11- to 16-year-olds from September 2014. Pupils will learn the importance of budgeting, sound management of money, credit and debt, as well as understanding of different financial services and products.

The new programmes of study for mathematics and citizenship make it clear what pupils should learn, including developing their use of formal mathematical knowledge to interpret and solve problems including financial mathematics.