Latest editorial
Labour slams Tories' sale of student debt for less than half its value
Shadow education minister Angela Rayner criticised the government for ‘privatising its assets at a loss’
LABOUR education secretary Angela Rayner tore into privatisation-obsessed Tories today after student loans were sold off at less than half their value for a second time.
Education Secretary Damian Hinds has revealed that the government had “completed its sale of part of the older pre-2012 student loan book achieving a value of £1.9 billion.”
Mr Hinds argued that the sale was “good” for the taxpayer, despite the loans having a face value of £3.9bn.
Similar stories
Government's plan means ‘extra cash for war and overseas interventions, but less for schools and hospitals,’ Unison general secretary Andrea Egan warns
Cuts are sweeping campuses as cash-strapped universities slash staff and politicians fail to act on a growing funding emergency. VINCE MILLS reports
