St. Mary's College students met the most senior figure in UK banking at an event in Liverpool recently.
Some of our Business Studies students were introduced to Mark Carney, Governor of the Bank of England, at a schools economics conference hosted by the bank at St. George’s Hall.
The event was designed to engage young people with the world of finance, and to put the spotlight on the way economics affects the day-to-day lives of people of all ages.
It also aimed to explain the role of the central bank, and what it does for people outside of the City of London ‘Square Mile’, including those on Merseyside.
As well as Mr Carney, the conference featured a number of other high-profile speakers from the Bank of England, including two Deputy Governors.
The issues they addressed included the importance of financial and economics matters being more accessible, for example by being discussed in a language that everyone can understand.
Speakers also considered how finance and business education can be improved, and what the bank can do to help future generations acquire the skills they need to deal effectively with their own financial affairs.
St. Mary’s College Head of Business Studies, Jo Simpson, commented: “We were delighted to be involved in this event and obviously our students really appreciated the opportunity to meet a well-known national figure like Mark Carney.
“Speakers at the event had a very important message to get across about the gaps in financial knowledge and understanding that need to be bridged to help households and companies make important decisions about investment and debt.”