Thursday, 7 February 2013

Compulsory money lessons

Department for Education statement on introducing compulsory personal finance education in schools:

"For the first time every pupil will learn the skills to manage their money well and make sound financial decisions.

"We want to make this a statutory part of the citizenship curriculum so every pupil learns the importance of budgeting and sound management of money, credit, debt, and about different financial services and products.

"We have also changed the mathematics curriculum so that they will also be taught about loan repayments and interest rates."

How much time do schools have to spend teaching each subject?

Schools are free to decide how much time to spend on different subjects within the curriculum to meet the needs of their pupils. However, schools must take in to account the range of subjects which must be taught. 

How are school inspected on their use of the curriculum?

Ofsted inspects the schools' curriculum offers.

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