MPs urge government to improve personal finance education in primary schools

The Education Select Committee has urged Rishi Sunak's government to bolster personal finance education by improving teaching materials and creating a financial literacy qualification for college-age students.

Finance education taking place in a primary school classroom
A cross-party committee of MPs has urged the government to improve personal finance education
(Image credit: Getty Images)

Personal finance education for primary school-aged children is “insufficient” and needs to be expanded, a report by a cross-party group of MPs has said.

The Education Select Committee has urged the Department for Education (DfE) to consider making personal finance a greater part of the national maths curriculum in primary schools, and to improve the quality of financial teaching materials used in the classroom. It has also said the government should introduce a financial literacy qualification as part of Prime Minister Rishi Sunak’s drive to make maths compulsory for 16 to 18-year-olds.

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Henry Sandercock has spent more than eight years as a journalist covering a wide variety of beats. Having studied for an MA in journalism at the University of Kent, he started his career in the garden of England as a reporter for local TV channel KMTV.

Henry then worked at the BBC for three years as a radio producer - mostly on BBC Radio 2 with Jeremy Vine, but also on major BBC Radio 4 programmes like The World at One, PM and Broadcasting House. Switching to print media, he covered fresh foods for respected magazine The Grocer for two years.

After moving to NationalWorld.com - a national news site run by the publisher of The Scotsman and Yorkshire Post - Henry began reporting on the cost of living crisis, becoming the title’s money editor in early 2023. He covered everything from the energy crisis to scams, and inflation. He also has bylines in MoneyWeek.