Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what steps he is taking to improve financial literacy among (a) young people and (b) people in receipt of benefits.

We are committed to improving financial literacy among young people and people in receipt of benefits. Financial education was put onto the national curriculum in England in 2014. Through Universal Support, the Department for Work and Pension is working with partners to help people claiming Universal Credit to manage their finances. The government is also bringing pensions and money guidance together in one place, creating a single public financial guidance body to enable consumers to access the help they need on financial matters more easily.