Schools: Financial Literacy - Question

Part of the debate – in the House of Lords at 11:06 am on 20 April 2023.

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Photo of The Bishop of St Albans The Bishop of St Albans Convenor of the Lords Spiritual 11:06, 20 April 2023

I thank the Minister for her reply and I am glad to hear what His Majesty’s Government are doing. I do not know whether the Minister is aware, but the Church of England has been working on a project called Lifesavers, which came out of one of the Archbishops’ Commissions. It has so far delivered financial literacy training for 30,000 school pupils and trained 2,000 teaching staff. Given that only 5% of parents believe that their children are leaving school with adequate financial literacy, what assessment have His Majesty’s Government made of Lifesavers and other similar school projects, such as GoHenry, and how can they help these projects as we are seeking to roll them out and increase financial literacy?