Peter is set to introduce a 10-Minute Rule Bill in Parliament to make financial education a mandatory part of the English National Curriculum for all students aged 5 to 18. Currently, financial education is only required in secondary schools that follow the National Curriculum, but Peter’s proposed legislation aims to extend this to primary schools and post-16 education settings.
The initiative is part of Peter’s #FinEd campaign, which seeks to improve financial literacy across the country. He has previously highlighted concerning statistics, including that “one in two Brits are unable to pass a financial literacy test run by the OECD,” arguing that universal financial education could help address this issue.
The Bill, scheduled for debate in the House of Commons on Tuesday, 11th March, is expected to gain cross-party support, much like a recent Backbench Business Debate led by Jerome Mayhew MP. Peter has engaged with various stakeholders and says there is growing recognition among MPs that action is needed to better prepare young people for their financial futures.
He hopes the Government will collaborate with him and other MPs to ensure that financial education becomes an essential part of every student’s schooling, equipping them with the skills needed for the "Game of Life."
