The Education Select Committee has launched an inquiry into strengthening financial education throughout primary, secondary and further education.

In recent years, there have been campaigns for more financial education - teaching children and young people skills and knowledge to manage their financial decisions - to be made compulsory in schools and colleges.  Whilst the subject is part of the National Curriculum for local authority-run schools, academies and free schools can opt out of teaching it.

Following the announcement of the Prime Minister’s ambition for post-16 students to study maths as part of the Advanced British Standard, the Committee is interested to examine whether financial education could form part of the post-16 curriculum to better prepare young people for adult life and to support progression.  

The cross-party Education Select Committee will explore reasons why financial education is overlooked and how well schools and teachers are supported to deliver it.

The deadline for written responses to the call for evidence is 15 December 2023.