Fiona Bruce MP Celebrates Success for Campaign for Financial Education in the Curriculum
Fiona Bruce MP, Vice Chair of the All Party Parliamentary Group on Financial Education for Young People, played a key part in the latest real achievement for the group. The Department for Education recently announced that the revised National Curriculum which will be implemented in all maintained schools in England from September 2014 will include Financial Education in mathematics and citizenship, making the topic statutory for the first time.
The announcement comes following a public consultation into the possibility conducted earlier this year, following a detailed Inquiry into Financial Education for Young People held by the All Party Group and presented to the Prime Minister. This announcement is a culmination of more than a year’s work and is a huge victory for the campaign.
Fiona Bruce MP said “This is such a success for the campaign and I am sure that this will make a really positive impact on the futures of our young people. Generations of young people will now gain the knowledge and skills they need to be able to manage their finances. This will make a real and lasting difference to their home and business lives individually and to the financial capability of our country overall.”
In Citizenship, 11 – 16 year olds will learn the functions and uses of money, the importance and practice of budgeting, credit and debit, insurance, savings and pensions and how public money is raised and spent. In maths, there is a renewed emphasis on financial mathematics enabling young people to calculate interest rates and the actual cost of borrowing.
