Finance lessons on curriculum

FINANCIAL education will be taught in all schools by 2014, under plans put out for consultation yesterday by education secretary Michael Gove.

The new national curriculum will include basic household matters such as budgeting, as well as wages, taxes, debt, financial risk “and a range of more sophisticated financial products and services”.

However Gove has dropped plans unveiled in September to completely replace GCSEs with a new baccalaureate, and will instead reform the existing system.