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Select Committee · Education Committee

Financial Education

Status: Closed Opened: 16 Nov 2023 Closed: 27 May 2024 19 recommendations 3 conclusions 1 report

The Education Committee will examine the current state of financial education in England and consider what steps need to be taken to ensure its delivery is improved, that schools and colleges are more confident in its application, and that pupils and students are better equipped for a fast-changing financial and economic world. The Committee will …

Clear

Reports

1 report
Title HC No. Published Items Response
Third Report - Delivering effective financial education HC 265 22 May 2024 22 Responded

Recommendations & Conclusions

1 item
20 Recommendation Third Report - Delivering effective fin… Accepted in Part

Work with Ofsted to review and improve the evaluation of financial education provision.

The Department for Education should work with Ofsted to review how it can improve its evaluation of financial education. We recommend that citizenship provision be inspected under the quality of education key judgement and personal development. The Department should take note of the Committee’s Fourth Report of Session 2022– 23 …

Government response. The government explained Ofsted's current inspection framework already considers broad curriculum and personal development, where financial education might be assessed. While it noted Ofsted's upcoming consultation on a new inspection framework, it did not specifically commit to reviewing the evaluation …
Department for Education

Oral evidence sessions

2 sessions
Date Witnesses
5 Mar 2024 Kate Dixon · Department for Education, Martin Lewis · moneysavingexpert.com, Rt Hon Damian Hinds MP · Department for Education, Russell Winnard · Young Enterprise View ↗
30 Jan 2024 Andrew Wilson · Santander UK, Jonathan Baggaley · PSHE Association, Liz Moorse · Association for Citizenship Teaching, Louise Hill · GoHenry, Mr Leon Ward · MyBnk, Sarah Hannafin · NAHT, Sharon Davies · Young Enterprise View ↗