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Financial Services: Education

Department for Education written question – answered on 30th June 2020.

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Photo of Lee Anderson Lee Anderson Conservative, Ashfield

To ask the Secretary of State for Education, if he will make an assessment of the adequacy of the provision of financial education to children and young people in response to the impact of covid-19 outbreak.

Photo of Nick Gibb Nick Gibb Minister of State (Education)

Financial education is taught within the national curriculum in mathematics and citizenship. At present, due to the unprecedented challenges for schools caused by the COVID-19 outbreak, the Government understands that schools will need flexibility around the education they are providing to their pupils. We expect schools and teachers to use their professional judgement, knowledge of their pupils’ educational needs and home circumstances, to plan appropriate content that enables education to continue.

Our latest guidance on teaching to support children is set out here:

Longer term, the Department will continue to work closely with The Money and Pension Service and HM Treasury to consider how to provide further support for the teaching of financial education in schools.

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