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May 09 2014

Bob Blackman MP’s ‘Money Lessons’ Plan for Local Schools

bob_blackmanBob Blackman, MP for Harrow East, 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 Harrow East 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 Harrow East free online resources, advice and training to help plan their activities.

Bob Blackman MP, who as a member of the All Party Parliamentary Group (APPG) on Financial Education for Young People has long championed the cause in Westminster, said: “It is very important for young people to have the chance to learn financial skills and that is why I am pleased to see it is included in the new national curriculum, which is designed to focus on essential knowledge. Pfeg are giving schools a wonderful opportunity to get started with this aspect of education before September starts and that is why I’m urging our local schools to take part in this initiative.”

Tracey Bleakley, chief executive of pfeg (Personal Finance Education Group), said: “Bob Blackman 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 his support for what we hope will be Harrow East’s best My Money Week yet.”

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 APPG on Financial Education for Young People, 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 all primary schools, Academies and Free Schools.

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.

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

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1 comment

  1. sonoo malkani

    Getting a good grounding on how to handle personal finance at a young age will help these young folk make informed decisions of a better quality,beneficially affecting their financial health.
    It is such an important life skill which will impact on every aspect of their life.Becoming more knowledgeable will certainly give them an advantage hitherto denied.Very good to know that this has been brought to Harrow to benefit so many students.

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