PRIMARY school pupils were given a lesson in money from the Chancellor of the Exchequer himself.
Rishi Sunak visited Alverton Community Primary School in Northallerton to witness the award-winning KickStart Money financial education programme in action.
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The programme is working to build a national savings culture and improve the financial understanding of future generations.
It helps children to understand why people save, how to set money goals and how having positive money habits now can help in the future.
Mr Sunak watched pupils learn about the importance of setting savings goals, having a bank account and understanding other key financial concepts such as interest rates and risks.
He even gave the year six class a short introduction to the Treasury and explained his role as Chancellor of the Exchequer.
Mr Sunak said: “Money management is a vital life skill and every child in the UK should learn from an early age 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."
The programme is funded by The Centre for Financial Capability, a charity backed by an award-winning coalition of 20 savings and investment firms.
Together they have donated more than £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.
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Jane Goodland, trustee of The Centre for Financial Capability said: “It is fantastic to have the Chancellor visit a KickStart Money session 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."
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