There was no data available for 3930. 5  All speeches are available online at www.bankofengland.co.uk/speeches  5  And sometimes it works. A while back I received a letter from a mother following a visit to a school near Hull. She told of the new determination in her son to achieve what I had. The words she etched and underlined on the paper “these visits can change lives” is motivation enough to get out from the confines of the Bank’s four walls. To build diversity, the Bank will continue its work with local schools to attract young people hitherto underrepresented in central banking. A decade ago the Bank only offered work experience to children of friends and family. Last year we offered 75 work experience placements to children from lower socioeconomic backgrounds. The Bank also supports several school mentoring programmes that aim to raise aspirations of students from lower socio economic backgrounds. 10  We also offer on the job training  through our Central Bank Qualification and award scholarships to young African Caribbean students. Our Early Careers Recruitment Team is engaging with schools across the UK through a series of presentations and careers conventions to demystify work at the Bank and to open up the recruitment process more generally. Over 90% of these sessions are held at state schools, reaching 1000 students last year alone. We now recruit at 40 universities across the country (four times as many as a decade ago).
2  To help on the supply side the Bank has developed an education outreach strategy with three components: 1. econoME: which includes free lesson plans and supporting materials for teachers to use in their classrooms; 2. Bank Ambassadors: colleagues below the director level at the Bank who volunteer to visit schools across the country to explain the Bank of England’s role; and 3. School visits by senior Bank and policy committee members: to spark young people’s interest in economics and to inspire them to pursue a career in related fields. Let me say a bit more about why we are doing this. 1  May 2017 survey conducted by ING and the Economics Network, available at: https://www.economicsnetwork.ac.uk/research/understandingecon 2 See Haldane, A “Everyday Economics”, Birmingham 2017 2  All speeches are available online at www.bankofengland.co.uk/speeches  2  The first objective is to help young people understand the economy and to make better informed personal financial decisions. The econoME lessons are designed for 11-16 year olds and cover: -  The economic factors that influence personal decisions;  -  How to make informed decisions; and  -  How such decisions collectively influence the economy. An array of econoME resources, designed in close collaboration with teachers and education specialists, support these classes. The materials include lesson plans, presentations, videos, activities and real life case studies. And they can be used by non-specialists with no prior economics training.