The House of Commons Education Committee question MoneySavingExpert founder Martin Lewis and Schools Minister Damian Hinds as it concludes its inquiry on expanding financial education in schools. Mr Lewis appears alongside Russell Winnard, Chief Operating Officer at Young Enterprise, a charity which developed a financial education textbook with Mr Lewis.
They discuss training and resources available to schools for providing financial education; the impact that covid-19 and cost-of-living pressures have had on young people’s perceptions of money; and whether external organisations should have a role in delivering financial education in schools.
In the second panel, Minister Damian Hinds and Kate Dixon, Director of Pupil Wellbeing and Safety at Department for Education, take questions on how financial education can be extended at primary school and post-16 level, and what the Department is doing to ensure the subject is prioritised and protected.
They are also questioned on the state of financial education in the schools and post-16 sector, which previous witnesses in the inquiry have labelled “dismal” and “inconsistent”.
Chapters:
00:00:00 - Witness(es): Martin Lewis, Russell Winnard
01:01:09 - Witness(es): Rt Hon Damian Hinds MP, Kate Dixon