Lessons on financial capability have been included in a draft curriculum which means that from September 2014, secondary school pupils could be learning about budgeting, money management and financial products as part of their maths and citizenship lessons.
"It is fantastic news that England has joined the rest of the UK to make Financial Education a compulsory part of the curriculum. The RBS Group has been supporting financial education in schools for nearly 20 years, and our MoneySense programme aims to offer every young person the opportunity of a financial education which will equip them for business and life. Last year 40,000 MoneySense lessons were taught in secondary schools and our dedicated MoneySense team are on hand to support more teachers in light of yesterday's announcement."
Jennifer Coleman, RBS MoneySense
The RBS Group has been helping schools to provide financial education since 1994, and our MoneySense programme has reached 70% of secondary schools and 2.5 million young people in Great Britain since 2005.
MoneySense enables a dedicated team of RBS and NatWest employees and volunteers to support teachers deliver lessons about the importance of good money management and personal finance.