Angela Rayner MP, Labour’s Shadow
Secretary of State for Education, responding to the Government’s announcement they
will resume plans to sell off the student loan book, said
“Time and again, this Government is
returning to the same failed policies. They have repeatedly tried to privatise
the student loan book, only to abandon the idea when it became clear that it
was a bad deal for taxpayers and a bad deal for students.
“This new attempt at privatisation is typical of the short-sighted
approach to financial management we have seen under the Tories, desperately
swapping future income for a one-off boost to flatter their terrible record on
our national debt, which has almost doubled since 2010. “The next Labour Government will
address the real issues in student finance, by scrapping tuition fees and
bringing back maintenance grants as we build a National Education Service that
will transform Britain into a country for the many, and not the few.”
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