Savings Schemes (Secondary Schools)

HC Deb 13 February 2004 vol 418 cc201-2W

Mr. Sheerman

To ask the Secretary of State for Education and Skills what savings account schemes operate in secondary schools; and what steps his Department is taking to encourage and support the development of such schemes. [154944]

Mr. Miliband

The Department does not hold information about savings account schemes operating in secondary schools and has no plans to support the development of such schemes.

Mr. Sheerman

To ask the Secretary of State for Education and Skills what provisions there are in the national curriculum to provide education on the management of personal finances and savings to secondary school pupils. [154946]

Mr. Miliband

Personal finance education, which includes budgeting and saving, is provided in the curriculum through the framework of personal, social and health education. There is also provision for schools to teach financial management through other subjects such as mathematics.

Personal Finance Education Guidance for schools was produced by the Department in July 2000.