Financial Services: Primary Education

Department for Education written question – answered on 3rd September 2020.

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Photo of Rob Roberts Rob Roberts Conservative, Delyn

To ask the Secretary of State for Education, whether he has made an assessment of the effect of the covid-19 lockdown restrictions on the provision of financial education for primary school aged children.

Photo of Rob Roberts Rob Roberts Conservative, Delyn

To ask the Secretary of State for Education, what steps he is taking to increase the teaching of financial capability to children and young people as the covid-19 lockdown restrictions are eased.

Photo of Rob Roberts Rob Roberts Conservative, Delyn

To ask the Secretary of State for Education, whether catch-up educational services for primary school pupils will include financial education in the next academic year.

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

Financial education is taught as part of the national curriculum subjects of mathematics and citizenship. Due to the unprecedented challenges for schools caused by the COVID-19 outbreak, the Government ensured that during the national lockdown restrictions, schools were given flexibility around the education they are providing to their pupils. The Department expected schools and teachers to use their professional judgement and knowledge of their pupils’ educational needs to plan appropriate content that enables education to continue.

Schools should resume teaching an ambitious and broad curriculum, in all subjects, from the start of the autumn term. This means that all pupils will be taught a wide range of subjects so they can maintain their choices for further study and employment. Our latest guidance on teaching to support children is set out here: https://www.gov.uk/government/publications/actions-for-schools-during-the-coronavirus-outbreak/guidance-for-full-opening-schools.

Our £1 billion COVID-19 “catch-up” package, including £650 million shared across schools over the 2020/21 academic year, will support schools to put the right catch-up support in place: https://www.gov.uk/government/news/billion-pound-covid-catch-up-plan-to-tackle-impact-of-lost-teaching-time.

The Education Endowment Foundation have published a COVID-19 support guide to support schools to direct this funding, which is accessible here: https://educationendowmentfoundation.org.uk/covid-19-resources/national-tutoring-programme/covid-19-support-guide-for-schools/.

For the 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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