He accuses Tories and ministers of “political failure”
Martin Lewis blasted the schools minister to his face during an appearance before MPs.
The money-saving expert spoke before MPs on the Commons education committee on Tuesday, criticizing ministers for failing to fund personal finance courses in schools.
As early as 2021, Lewis provided 350,000 copies of the financial textbook “Your Money Matters” to schools and made them available for free online download.
The textbook teaches secondary school students how to save, budget or borrow money and provides lessons on student finance, pensions, investments, benefits, gambling, debt, insurance, security and fraud.
He highlighted to the committee that he personally funded the curriculum-mapped financial education textbook because Conservative schools minister Damien Hinds told him it had to be “personally funded”.
Lewis told the committee: “The minister was in the room and I would go back. I funded the textbook because the state wouldn't fund it and told me it had to be funded by an individual.
“This is a political failure.”
As the minister sat in the room shaking his head in disagreement, Lewis continued: “I could have put a python in this textbook. We need appropriate textbooks, digital resources.
“We need teacher training and we need ongoing teacher training. The impact on our economy, the impact on mental health, the impact on young people's ability, the impact on young people's employability will be clear.”
He added: “I'm not the government. I'm a private individual. In fact, I am politically strongly opposed to requiring private payment for textbooks that go into schools.
“I didn't understand why I was asked to pay. In fact, I was told succinctly that it wouldn't happen unless I funded it, so I funded it over my own objections.”
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