inance will be taught as part of the English national curriculum, according to reports in the national press this week.

The Daily Telegraph stated this week that financial education has been confirmed as an official part of the curriculum, including lessons on the public finances.

Children will be taught how to manage their money in schools for the first time in England.

The detail, published by the Department for Education, includes financial education in mathematics and citizenship education for secondary school pupils.

There have been further elements added since a draft curriculum earlier in the year opened to consultation, including lessons in how public money is raised and spent.

Personal finance is already taught in schools in Wales, Scotland and Northern Ireland.

In Mathematics, “financial mathematics” is emphasised for the first time. For example, pupils will be asked to solve problems involving percentage change and simple interest.

Pupils will learn to manage their money and plan for future financial decisions in citizenship classes, which will also include lessons in financial products and how public money is raised through measures like income tax.

The curriculum will be rolled out across all government-funded, or maintained, schools, from September 2014.