Sale of Student Loans Bill
10:44 am
Robert Flello (PPS (Rt Hon Hazel Blears, Secretary of State), Department for Communities and Local Government; Stoke-on-Trent South, Labour)
The issue of the face value of the student loan book is of concern and interest to me. Historically, Governments of all persuasions have not always been as successful as we might have wished in valuing assets that have been sold off, whether one wants to look back to the 1980s or more recently. My concern is about who has valued the student loan book, and how you have made sure that that valuation is robust, so that there is no vested interest in terms of the financial markets knowing that they will ultimately pick up something that will make them a large profit at the expense of the taxpayer. Finally, regarding the future value of the student loan book, how have you projected forward to ensure that its value in future is recognised in this current valuation and that, for future sales, that value is reflected?