Tory bastards feathering the nests of their banker mates. Again. I expect this could affect a lot of you, please sign and share. ------------------------------------------------------------------------- We, the undersigned, hereby call upon the Government to drop the proposed sale of student loans taken out between 1998 and 2012. The sale was proposed in Parliament on 27th June 2013 (1), as part of a wider sale of public assets worth approximately £15 billion. By selling outstanding loans to the private sector, the Government would lose a long-term source of revenue to the Treasury, sacrificing it for meagre short-term gain and potentially leaving private financial companies to profit without investing back into the UK economy . Coupled with proposals to remove the cap on student loan interest rates (2), this would saddle many UK graduates with loans they would be unable to repay during their working lives. 1: https://gov.uk/government/speeches/speech-by-chief-secretary-to-the-treasury-danny-alexander-investing-in-britains-future 2: guardian.co.uk/money/2013/jun/13/raise-interest-rate-student-loans-secret-report
Posted on: Wed, 10 Jul 2013 12:50:10 +0000
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