Children and Families Bill

My Lords, I will just say a word about the “E” in PSHE. I pay tribute to the Minister and the degree to which he has listened to a lot of the comments and discussion that have taken place about PSHE. The “E” does not stand for education but for economics. As the noble Baroness, Lady Perry, mentioned, schools already have a duty to contribute to pupils’ spiritual, moral and cultural development. How do they prepare young people for adult life? That preparation includes financial and economic education—it is a very important part of it. We have talked about the internet, but it is extremely important to know when people are phishing and trying to con you on the internet in financial terms. One hears too frequently these days about people who have been conned. It is a very good thing to give young people a broad understanding of how to manage their own finances and how to cope with the very complex world we face these days.