Sale of Student Loans Bill
10:44 am
Bill Rammell: We undertake detailed internal assessments through my own officials in conjunction with those at the Treasury. We have also sought external commercial advice about the way in which these sales will be conducted. We will be appointing a sales adviser to administer the establishment of the special purpose vehicle that will be set up to take on board the loans that are sold. There will also be a rigorous ongoing assessment of the market conditions to determine the stage at which x amounts of loan finance are sold. Overseeing that process, the National Audit Office has already indicated that it will review the first tranche of sales and will be reporting to the Public Accounts Committee. Within that context, there is a rigorous and robust framework in place to ensure that we not only get value for money, but demonstrate that we have achieved it.