Commons Sense

House of Commons · Ministers' Questions

PSHE Curriculum: Economic Education

Monday 11 March 2024 · 2 questions

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Answered 0 Partly answered 2 Not answered 0

Key points

  • John Penrose asked about issuing statutory guidance on teaching economic education in schools as part of the PSHE curriculum.
  • The Minister stressed the importance of financial education for young people to make informed decisions later in life.
  • The Minister highlighted that financial education content is integrated into various parts of the curriculum, including mathematics and citizenship.

Topics (select to filter)

Questions & Answers

Q1 John Penrose Con
Education Economy
Context

None provided, but the question refers to curriculum reforms and the importance of financial literacy for young people.

Question

If she will issue statutory guidance on teaching economic education in schools as part of the PSHE curriculum.

Answer from Damian Hinds

It is essential that young people are equipped to make important financial decisions later in life. My hon. Friend will recall our curriculum reforms, and the national curriculum for mathematics and secondary citizenship equips pupils with the essential knowledge, understanding and practical skills needed to manage their money.

Partly answered

Not addressed: Did not directly address issuing statutory guidance on teaching economic education in schools as part of the PSHE curriculum.

How: Under Review, Existing Reforms

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Q2 John Penrose Con
Education Economy
Context

Continuation from previous question, emphasizing the importance of financial literacy and prevention of debts and poverty.

Question

The Minister is absolutely right to suggest that good financial education helps people to avoid debts and poverty, and to build up a savings cushion for a rainy day. Prevention is undoubtedly better than cure, yet while statutory guidance ensures that students learn about threats such as drugs or unplanned pregnancy, money and finance are more optional. Should they not be taken as seriously as everything else?

Answer from Damian Hinds

I agree with my hon. Friend. There is relevant content in different parts of the curriculum, not only in mathematics, which is statutory throughout key stages 1 to 4, but at secondary level in citizenship. Further elements such as computing are particularly relevant to online fraud. In relationships, sex and health education, some aspects of fraud are covered, as is gambling, but I absolutely agree that it is important to keep these things under review.

Partly answered

Not addressed: Did not directly address whether financial education should be given the same level of priority in PSHE.

How: Under Review, Existing Content

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