Chancellor Rishi Sunak, MP for Richmond, Yorks, joined Year 6 pupils at Alverton Community Primary School in North Yorkshire today to witness a session of the award-winning KickStart Money financial education programme, alongside representatives of The Centre for Financial Capability.
Mr Sunak joined the Year 6 class for their ‘My Futures’ session, the final of the three sessions delivered by the charity MyBnk. He watched pupils get to grips with the importance of building positive money habits early in order to build stronger saving habits for later life, learning how to set savings goals, the importance of having a bank account and gaining an understanding of other key financial concepts such as interest rates and risks. Mr Sunak gave the class a short introduction to the Treasury, and explained his role as Chancellor of the Exchequer.
The visit took place on the final day of the 10th anniversary of Global Money Week, a celebration designed to inspire children and young people across the global to learn about money, saving and how to make positive financial decisions in later life.
The KickStart Money programme is funded by The Centre for Financial Capability, which is backed by an award-winning coalition of 20 savings and investment firms who have donated over £1 million to fund the primary financial education to over 20,000 primary pupils across the UK. The Centre’s mission is to ensure every child in the UK develops the skills and behaviours necessary to navigate critical financial decisions in their life, starting from primary school.
Rt Hon Rishi Sunak, MP for Richmond Yorks said:
“I am so pleased to have seen the KickStart Money programme in action in my constituency at Alverton Community Primary School today.
Money management is a vital life skill and every child in the UK should enter the world of work with a clear understanding of how basic finances work. It is essential that we prepare the next generation for adult life by equipping children and young people with the right tools to help build financial resilience for the future. Charities such as the Centre for Financial Capability, and their award-winning KickStart Money Programme, are crucial to improving financial capability across the UK. I look forward to hearing about future sessions taking place in Richmond and for other schools to sign up to this exciting and necessary initiative.”
Jane Goodland, Trustee of The Centre for Financial Capability said:
“It is fantastic to have the Chancellor visit a KickStart Money session in his constituency today and see his support for early intervention financial education.
The Centre for Financial Capability is delighted to fund the KickStart Money programme which aims to educate children about money at the age when habits are first formed. Financial education at a primary level presents a real opportunity to level the playing field and build strong financial capability for every child, better preparing the next generation for future economic crises. Every child in the UK should be supported to navigate critical financial decisions in later life, starting at primary school and we call on the Government to take the lead on this issue and ensure every child in the UK is taught vital savings skills.”