Post-16 Financial Education

Baroness Wheatcroft Excerpts

Thursday 12th June 2025 Lords Chamber

[Baroness Smith of Malvern (Lab)]

I have had some very good contacts with the OECD about the work that it is doing, not just in this area but more broadly. I cannot commit at this moment that we will take part in that study, but I will certainly undertake to go away and consider whether there are opportunities there.

[Baroness Wheatcroft (CB)]

My Lords, children leaving care are particularly disadvantaged in this area. Can the Minister say whether there will be special provision for children leaving care to be provided with financial advice for when they are really on their own?

[Baroness Smith of Malvern (Lab)]

The noble Baroness makes a very important point about the need to support young people leaving care. That, of course, is the reason for making personal advisers available to young people in that position. It is why, as we have been, and will be, debating in the Bill that comes later and more broadly in the Government’s reforms, we must be much clearer about the support available to care leavers and the offer that needs to be made available to them in all parts of the country.