B

Baroness Smith of Malvern (Lab)

Speaking in the House of Lords on 10 June 2025

Debate

Free School Meals

Contribution

On Thursday, I think I will have the opportunity to answer a Question in this House on financial education in schools. Of course, I agree with the noble Earl that it is important that children develop the mathematical and business skills to understand the decisions that they then need to make about their own and their family’s money, and he makes an important point about pension contributions —notwithstanding his argument that young people should start them from the age of 18. I am not quite sure whether, in primary school, you can embed in a child’s mind the significance of that, but he makes an important point about ensuring that people understand the importance of pensions. Of course, hopefully, those children will look to their grandparents and the additional funding that they will receive as a result of this Government’s ability to maintain the triple lock, and they will see that investing in a pension is a good thing to do.

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