MPs and campaigners have expressed their delight that the new draft national curriculum for England includes statutory teaching of financial education.
Justin Tomlinson MP, chair of the APPG on Financial Education for Young People, said:
“This is wonderful news and a huge victory for our campaign. I am delighted that financial education has finally been given the place it deserves as a compulsory part of the National Curriculum.
“Generations of young people will now gain the knowledge and skills they need to be able to manage their personal finances. This will make a real and lasting difference to financial capability in our country.”
The new curriculum will see financial education embedded in both mathematics and in citizenship education, making financial capability a statutory part of the curriculum for the first time.
Chief executive Tracey Bleakley said:
“This is a huge victory for the campaign for financial education in schools. Financial education is essential in equipping young people with the knowledge, skills and confidence they need to be able to manage their money well.
“With financial mathematics included as a part of Maths and financial capability included in Citizenship education for the first time, the campaign has achieved both of its objectives. We are delighted that Ministers have listened on both fronts.
“Financial education is an idea whose time has come. The campaign has been supported by teachers, parents, young people and more than 250 MPs and Peers of all parties. Today’s news is a big leap forward for our ultimate goal of ensuring that financial education is taught in every school in the UK.”