MyBnk, supported by The London Institute of Banking & Finance, with several providers of financial education for young people, have expressed concerns over changes to how Personal, Social, Health and Economic Education (PSHE) is taught in English schools.
In a letter to the Minister of State for Schools Nick Gibb, members of the Youth Financial Capability Group (YFCG) outlined several risks and opportunities if the subjects status were to be altered.
The YFCG is concerned that an option being considered is to narrow the scope of PSHE, potentially excluding financial education at the expense of other ‘life skills’ topics.
Conversely, there is also an opportunity to accelerate the provision of effective financial education for all young people by choosing to legislate statutory PSHE for all primary and secondary schools.
Read the full letter, here.