Graduates in England face a "stealth" tax rise as the earnings threshold at which they start repaying student loans is to be frozen, researchers say.
She added: "This government has already confirmed that we will freeze maximum tuition fee caps again for the 2022-23 academic year, the fifth year in succession that we have held fee caps at current levels."The threshold is being kept at £27,295 per year, £2,274 a month, or £524 a week for 2022-23. Without the change, the threshold to start repaying loans would have risen by 4.6%.
He said: "This will be a further hit to the real incomes of these graduates on top of the rising cost of living, the freeze in the personal allowance, and the hike in National Insurance rates."
The type of tax Tories love; hits those from modest backgrounds and does it's part in reducing social mobility.
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