MORE than 140 MPs signed up to the first all-party political group (APPG) in support of compulsory financial education in schools yesterday, with members hoping to push the group’s agenda to the forefront of curriculum reform.
The APPG was launched by MP Justin Tomlinson with the Personal Finance Education Group (PFeg), and Martin Lewis, founder of moneysavingexpert.com.
PFeg chief executive Wendy Van Den Hende said that progress on a government financial literacy programme had been “painfully slow”, and called on MPs to use their influence across all political parties to “campaign and be champions for the cause”. Martin Lewis said the best way to tackle the UK’s financial illiteracy was to start from a young age with personal finance taught in schools.
“It’s the cheapest way you’ll ever get it done,” he said. “Far cheaper than more financial regulation.” The APPG will hold its annual meeting on 4 February, and is planning a series of workshops to develop its aims further.