On 16th June 2014, the Bishop of St Albans, the Rt Revd Alan Smith, received answers to two written questions on financial education.
The Lord Bishop of St Albans: To ask Her Majesty’s Government how they intend to ensure that financial education is taught, to a high standard, in non-state-maintained secondary schools.
The Parliamentary Under-Secretary of State for Schools (Lord Nash): Independent Schools in England do not have to follow the national curriculum, though they do have to have a curriculum which gives pupils experience in linguistic, mathematical, scientific, technological, human and social, physical and aesthetic and creative education.
We will shortly be consulting on strengthening the standards which independent schools must meet, but there are no plans to introduce a requirement on financial education.
The Lord Bishop of St Albans: To ask Her Majesty’s Government what commitments they have made to provide adequate funding for the training that secondary mathematics and citizenship teachers will need to meet the new financial education requirements from September 2014.
Lord Nash: The Government is committed to developing a strong culture of professional development in schools for all national curriculum subjects, including citizenship and mathematics.
We have allocated £11 million to fund 30 new maths hubs to improve the quality of maths teachers from primary school onwards. This initiative will enable every school and college in England, from early years to the post-16 sector, to access locally-tailored and quality support in all areas of maths teaching and maths learning. To further support teachers, Liz Moorse from the Association for Citizenship Teaching is chairing an expert group on citizenship. The expert group will clarify the key areas in which teachers most need further support. The expert group will then liaise with relevant specialists and providers to develop and produce new resources where necessary.