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You can find the current article at its original source at http://www.guardian.co.uk/money/2013/feb/07/money-skills-secondary-school-curriculum
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| Version 3 | Version 4 |
|---|---|
| Financial education to become compulsory in schools | Financial education to become compulsory in schools |
| (4 months later) | |
| Budgeting and borrowing are to become a compulsory part of the secondary school curriculum in England, with pupils learning about money management in maths and citizenship lessons. | Budgeting and borrowing are to become a compulsory part of the secondary school curriculum in England, with pupils learning about money management in maths and citizenship lessons. |
| A new draft curriculum, published for consultation by the education secretary, will make financial capability a statutory part of the curriculum for the first time, starting in September 2014. | A new draft curriculum, published for consultation by the education secretary, will make financial capability a statutory part of the curriculum for the first time, starting in September 2014. |
| The curriculum states that citizenship lessons should "prepare pupils to take their place in society as responsible citizens by providing them with the skills and knowledge to manage their money well and make sound financial decisions". | The curriculum states that citizenship lessons should "prepare pupils to take their place in society as responsible citizens by providing them with the skills and knowledge to manage their money well and make sound financial decisions". |
| Children studying the subject at key stage 3 – those aged 11-14 – will be taught about the functions and uses of money, the importance of personal budgeting, money management and a range of financial products and services. | Children studying the subject at key stage 3 – those aged 11-14 – will be taught about the functions and uses of money, the importance of personal budgeting, money management and a range of financial products and services. |
| At key stage 4, aged between 14 and 16, they will learn about wages, taxes, credit, debt, financial risk and a range of more sophisticated financial products and services. | At key stage 4, aged between 14 and 16, they will learn about wages, taxes, credit, debt, financial risk and a range of more sophisticated financial products and services. |
| In key stage 3 maths they will be expected to solve and devise problems in financial mathematics and understand simple interest. | In key stage 3 maths they will be expected to solve and devise problems in financial mathematics and understand simple interest. |
| The announcement follows years of campaigning by groups including the financial education charity pfeg, MPs and the founder of the Moneysavingexpert website, Martin Lewis. | The announcement follows years of campaigning by groups including the financial education charity pfeg, MPs and the founder of the Moneysavingexpert website, Martin Lewis. |
| An e-petition started by Lewis attracted 118,000 signatures, while the all-party parliamentary group on financial education for young people has more than 250 members. | An e-petition started by Lewis attracted 118,000 signatures, while the all-party parliamentary group on financial education for young people has more than 250 members. |
| The chief executive of pfeg, Tracey Bleakley, said: "Financial education is essential in equipping young people with the knowledge, skills and confidence they need to be able to manage their money well. | The chief executive of pfeg, Tracey Bleakley, said: "Financial education is essential in equipping young people with the knowledge, skills and confidence they need to be able to manage their money well. |
| "With financial mathematics included as a part of maths and financial capability included in citizenship education for the first time, the campaign has achieved both of its objectives. We are delighted that ministers have listened on both fronts." | "With financial mathematics included as a part of maths and financial capability included in citizenship education for the first time, the campaign has achieved both of its objectives. We are delighted that ministers have listened on both fronts." |
| On his website, Martin Lewis, said he was "jumping for joy at the news". | On his website, Martin Lewis, said he was "jumping for joy at the news". |
| "For over 20 years we've educated our youth into debt when they go to university, without educating them about debt," he said. | "For over 20 years we've educated our youth into debt when they go to university, without educating them about debt," he said. |
| "We desperately need to break the cycle of financial illiteracy in the UK – one of the causes of our current economic crisis and a huge contributor to continued mis-selling epidemics." | "We desperately need to break the cycle of financial illiteracy in the UK – one of the causes of our current economic crisis and a huge contributor to continued mis-selling epidemics." |
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