West Lancashire MP Rosie Cooper is encouraging local schools to take part in My Money Week this June ahead of the introduction of financial education as a compulsory part of the new National Curriculum.
Financial education will become a compulsory part of the National Curriculum for the first time this September, after years of campaigning by MPs and Peers in the All Party Parliamentary Group (APPG) on Financial Education for Young People, Personal Finance Education Group (pfeg) and Moneysavingexpert.com’s Martin Lewis. The move only affects secondary schools still under local authority control; however pfeg initiatives such as My Money Week are designed to get all schools involved in financial education, including primary schools, Academies and Free Schools.
Ahead of this every primary and secondary school in West Lancashire is being given the chance to take part in My Money Week (9 to 15 June), which aims to help young people learn about money and personal finance, for free. This year’s My Money Week will be themed around current affairs, challenging young people to improve their financial skills, knowledge and confidence though topical lessons and activities on personal finance.
The pfeg who is running the week is offering teachers in West Lancashire free online resources, advice and training to help plan their activities.
Rosie Cooper MP, a member of the APPG on Financial Education for Young People said:
“I would really encourage all schools in West Lancashire to take part in My Money Week. It proves to be a fantastic opportunity for pupils to learn important skills on money and personal finance.
“My Money Week is even more important this year as it gives pupils an insight into the following year’s curriculum.
“It is also great to hear that financial education is becoming a compulsory part of the National Curriculum, it is really vital that our young people are sufficiently educated in this field for when they leave school.”
Tracey Bleakley, Chief Executive of Personal Finance Education Group (pfeg) said:
“Rosie Cooper MP is absolutely right to call for all local schools to take part in My Money Week, which is a terrific opportunity to help pupils learn more about money in a fun and engaging way. We are delighted to have her support for what we hope will be West Lancashire’s best My Money Week yet.”
Since the first My Money Week in 2009, millions of young people have been helped to understand more about money and personal finance though focused activities in schools. In 2013 My Money Week reached approximately 1.3 million young people in more than 4,000 schools and other settings across the UK.
Schools and other organisations that work with young people in West Lancashire can find out more about My Money Week at www.pfeg.org/mymoneyweek .