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5 March 2024 - Financial Education - Oral evidence

Committee Education Committee
Inquiry Financial Education

Tuesday 5 March 2024

Start times: 9:30am (private) 10:00am (public)

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Martin Lewis and Schools Minister quizzed on financial education by MPs 

MoneySavingExpert founder Martin Lewis and Schools Minister Damian Hinds will be questioned by the Education Committee as it concludes its inquiry on expanding financial education in schools. 

Meeting details

At 10:00am: Oral evidence
Inquiry Financial Education
Broadcaster and Founder at
Chief Operating Officer at Young Enterprise
At 11:00am: Oral evidence
Inquiry Financial Education
Minister of State for Schools at Department for Education
Director of Pupil Wellbeing and Safety at Department for Education

Mr Lewis will appear alongside Russell Winnard of Young Enterprise, a charity which developed a financial education textbook with Mr Lewis. 

They will be questioned on the 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. 

The cross-party Committee will be interested in Mr Lewis and Mr Winnard’s views on how best to engage youngsters in the subject, including children at primary school level.  

In the second panel, Minister Damian Hinds and a senior Department for Education official will be asked 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 will also be 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”. 

MPs will ask the Minister how the subject should best be expanded and delivered in primary and secondary levels, either through PSHE, Citizenship or Maths, and whether its statutory status should be extended.

There may also be questions about whether England should participate in the PISA financial literacy assessments, and how Ofsted should go about judging schools on the quality of their financial education. 


Room 15, Palace of Westminster

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