Friday 20 July 2018 / 12:01 AM Peter Dowd / Student Loans

Peter Dowd comments on the NAO report on the sale of student loans

Peter Dowd MP, Labour’s Shadow Chief Secretary to the Treasury, commenting on the NAO report on the sale of student loans, said:

“The loss of £600 million of taxpayers’ money on the sale of student loans is a disgrace.

“The Tories’ claim that they champion the taxpayer is simply hollow. When will they stop ripping off the taxpayer?

“All the while students suffer with high debts, driven up by more than £16,000 due to a flawed Government interest rate – designed to guarantee the value of the loan book to private investors.

“The next Labour government will end this Tory unfairness by abolishing student fees once and for all.”