National debt increases by £12bn as regulator rules student loans count as government spending

  • 📰 The Independent
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

An extra £12bn will be added to the UK's national debt after the statistics regulator ruled student loans unlikely to be repaid should count as government spending. More follows…

Source: Education Headlines (educationheadlines.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Get the Tory’s out

It shows how accountable this Tory Government is - we need the Courts !

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

National deficit increases by £12bn as regulator rules student loans count as government spending‘The student loans system is a fiscal illusion which flatters the government’s record,’ says Labour Only £12bn ? How much per annum do students borrow ? Does this number have to be added to EVERY deficit figure since May 2010 or when tuition fees hit £9kpa ? If anyone knows from when it applies, please let me know ?
Source: The Independent - 🏆 80. / 59 Read more »

Changes to how student loans are accounted adds £12bn to UK budget deficitThe move 'properly reflects the true picture of government spending' as future write-offs will be counted as government spending. And note introducted by mr blunkett under blair....make sure you note this. And labour voted against capping them twice Student loans is a big scam. Reduce tuition fees instead. Only 38% of loan amount is paid throughout the loan lifetime and rest is written off! This is just an accounting manipulation. studentloans
Source: SkyNews - 🏆 35. / 67 Read more »

Student loan change adds £12bn to deficitA change in how student loans appear in the public finances will add pressure to cut tuition fees. Everything this government touches turns to shit FreeEducationNow Just write the debts off 🙄 It's ridiculous to essentially add a graduate tax to the next generation who will be keeping the economy going. Especially when you gave the previous generation free university educations. However, it's the best and worth investment for future progressive generations!
Source: BBCNews - 🏆 3. / 97 Read more »

Student loan shake-up puts £12bn hole in public financesNational deficit increases after ONS says student loans count as government spending Worth focusing on the positive! Those students are the backbone & future of our Economy and they put back ££bn StudentLoans help most of those who can’t really afford to educate without that support in the UK. Stop spreading bad news! scaremongering BBCBreaking DebtCrisisOrg I've always maintained that the student loans system looked awfully like a government promoted Ponzi scheme. Seems like ONS are now on their case. Just read the House of Commons Library briefing paper & you'll be terrified. Education doesn't make holes in public finances, but the absence of it does...
Source: The Guardian - 🏆 84. / 53 Read more »

India is building a £12bn state capital from scratchThe southern capital of Amaravati - which means 'abode of the gods' - is little more than empty concrete blocks and cleared agricultural land after four years of promised grandeur. that worked so well with Brasilia And yet all that poverty in that country... Uh, aren't all new builds made 'from scratch' ?
Source: Daily Mail Online - 🏆 135. / 51 Read more »

National Gallery offers Italian painting as 'Christmas gift to the nation'Some question cost and provenance of self-portrait by most celebrated female artist of Italian Baroque, Artemisia Gentileschi I PRESUME THAT IS THE ENGLISH NATION
Source: The Guardian - 🏆 84. / 53 Read more »

Stage of the nation: what does it mean to be a national theatre?The national theatres of England, Scotland, Wales and Ireland have all caused a stir about what they represent. How should they reflect a country’s identity?
Source: The Guardian - 🏆 84. / 53 Read more »

Aldi UK jobs: Aldi hiring for roles across the nation and the salaries will surprise youALDI UK are recruiting new staff for a number of different positions across the country – and the salaries will leave you speechless.
Source: Daily Express - 🏆 26. / 68 Read more »

UK weather forecast: SNOW strikes the north as entire nation braced for FEROCIOUS WINDS
Source: Daily Express - 🏆 26. / 68 Read more »

Editorial: Amber Rudd has done the right thing by not extending the two child benefit cap, but universal credit should be scrapped entirelyLike the poll tax before it, or the NHS IT debacle that cost taxpayers £12bn, universal credit has turned into a case study of how not to conduct public policy I trust her not!!...she is just another self serving hypocrite!!!...she cares not about the people she serves, only about her own agenda!!😡👎 Please tell this story petition to give Esa to rape victims
Source: The Independent - 🏆 80. / 59 Read more »