Economy

Student debt wipeout 'must be affordable'

Student debt wipeout 'must be affordable'”

She replied: "I don't believe that's the case actually but I do believe that many working class and part-time and older mature students are actually leaving university". According to the Institute for Fiscal Studies, students from these households could accrue debts of £57,000 by graduation, while 77 per cent of all students would fail to pay them off.

In the General Election campaign, Labour leader Jeremy Corbyn hinted that he would look at how to "ameliorate" some of the student debt burden.

Jeremy said that that's an ambition, it's something that he'd like to do. "It's something that we will not announce that we're doing unless we can afford to".

Houses of Parliament
GETTYOne Tory MP has even called for the Conservatives to be renamed “the Workers’ Party”

Speaking on the Andrew Marr show, Rayner said the party was working with a "big abacus" to calculate how to write off student debt. It is a huge amount, it's £100bn, which they estimate now, which will increase. It's a huge amount of money.

Rayner also called on Labour MPs who have fuelled talk of MP deselections in recent weeks to "think about who are the real enemy". On the contrary, the number of disadvantaged young people in...

"Now Labour are making shambolic promises to spend £100bn extra, without any idea of how to fund it, that could only be paid for through higher taxes on families".



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