The Bishop of Durham spoke in a debate on financial education in schools on 31st January 2024, urging that teachers be equipped to teach financial education as part of the primary school curriculum:
The Lord Bishop of Durham: My Lords, I too thank the noble Baroness, Lady Sater, for securing this debate and introducing it so clearly. I declare my interests as stated in the register.
The evidence finds that a child’s attitude towards money is well developed by the age of seven. The foundations of our skills in managing money are laid in these early years. Yet, unlike in the secondary curriculum, financial education is absent from the requirements of the primary curriculum in England. This is seen by 60% of teachers as a key obstacle to its high-quality delivery. Further challenges include training, time and funding. Young Money and City Pay it Forward are examples of external providers supporting teachers with high-quality resources and training.
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