A Credit Union Savings Account for every Secondary School Starter

Meeting: 
MQT on 2014-02-26
Session date: 
February 26, 2014
Reference: 
2014/0575
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Glasgow City Council has opened a credit union savings account for every secondary school starter in the city. Will you consider a similar scheme in London? If not, why not?

Answer

Answer for A Credit Union Savings Account for every Secondary School Starter

Answer for A Credit Union Savings Account for every Secondary School Starter

Answered By: 
The Mayor

Thank you for informing me of this initiative by Glasgow City Council. I am very supportive of initiatives to help young people understand personal finance. Through the London Schools Excellence Fund, I am funding the Personal Finance Education Group to work with 102 teachers in 12 London secondary schools to develop personal finance education. These teachers will then engage with other schools to disseminate successful methods for teaching this important subject in the next academic year (September 2014), when financial education becomes part of the national curriculum.