Steve McCabe MP’s ‘money lessons’ plan for local schools

Steve McCabe MP is encouraging local schools to put on money lessons this June, to give their pupils a head-start in financial education before it becomes a compulsory part of the new National Curriculum in September.  The move comes in advance of this year’s My Money Week(9 to 15 June), run by national financial education charity pfeg (Personal Finance Education Group).

Every primary and secondary school in Birmingham Selly Oak is being given the chance to take part in My Money Week, which aims to help young people learn more about money and personal finance for free.  This year My Money Week will be themed around current affairs, challenging young people to improve their financial skills, knowledge and confidence through topical lessons and activities on personal finance.  As the UK’s leading financial education charity, pfeg is offering teachers in Birmingham Selly Oak free online resources, advice and training to help plan their activities.

Since the first My Money Week in 2009, millions of young people have been helped to understand more about money and personal finance through focused activities in schools.  In 2013 My Money Week reached approximately 1.3 million young people in more than 4,500 schools and other settings across the UK. Financial education will become a compulsory part of the National Curriculum for the first time this September.

Steve McCabe MP said:

‘Earlier this year I visited St Alban’s Primary School in my constituency as pupils opened their very first bank account and it is great to hear that more attention is being paid to financial education as it is very easy for young people to get into debt these days. I think the ‘money lessons’ initiative is great in terms of teaching children about the importance of managing their money from an early age and I am pleased that financial education is becoming a compulsory part of the National Curriculum from September onwards.”

Schools and other organisations that work with young people in Birmingham Selly Oak can find out more about My Money Week at www.pfeg.org/mymoneyweek

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