Learning to be ‘financially capable’ from the age of 5
The Schools Secretary Ed Balls, confirmed that, as part of the new compulsory Personal, Social, Health and Economic (PHSE) curriculum, all school pupils from 5 to 16 years old, in England will be taught about handling money and managing their savings. They will also learn other financial skills and have lessons on mortgages and debt management. Wendy Van den Hende is Chief Executive of the Personal Finance Education Group whose project ‘My money’ will be helping schools implement the government’s plans. Chris Blackhurst is the City Editor of the Evening Standard and has five children. They join Jane to discuss what will be in the curriculum and why it is necessary.
