Neil O'Brien

Neil O'Brien

Conservative — Harborough, Oadby and Wigston

Speaking in the House of Commons on 18 March 2026

Debate

Student Loans

Contribution

We have already talked about that. If the hon. Gentleman wants a full list, he can go on my Substack and see a whole bunch of different institutions with low returns. He can also do better than that: he can look on the DFE’s website and see that many courses lead to low earnings. [Interruption.] It is not my purpose here to single out individual courses. We have talked quite a lot about creative arts. The Institute for Fiscal Studies says that only 4.5% of those degrees represent a positive return to taxpayers. Some people will look at a statistic like that, say that it is only worth it for taxpayers 4% of the time and say, “That is not a problem. Let’s carry on shovelling money into something that is only working 4% of the time.” Other people would say, “We have to make choices, and we could use that money, which the Government continue to shovel into low-value courses, to fund more high-quality apprenticeships and cut repayments for betrayed plan 2 voters.” Let me be clear: the current system is unfair. The Government admit it is unfair. Like so many other things, they say they will look at it. This is a Prime Minister who we can always rely on to do the right thing once we have dragged him by the nose to do it. As the former Deputy Prime Minister says, time is running out for this Labour Government, and it is time for them to stop moaning, grow a pair and fix this problem that they have moaned about.

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