Ons Decisions: Student Loans

Part of the debate – in the House of Commons at 12:41 pm on 18th December 2018.

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Photo of Matt Western Matt Western Labour, Warwick and Leamington 12:41 pm, 18th December 2018

It would seem from the ONS decision that the same sort of mathematical genius has been applied that was applied with Tesconomics a few years ago. Given that 45% of the debt will not be repaid and that a large proportion of the debt is interest, does the Chief Secretary think it is astute and prudent to apply such an extortionate rate of interest—6.3%?