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Lord Forsyth of Drumlean (Con)

Speaking in the House of Lords on 13 November 2024

Debate

Sharia-compliant Student Finance

Contribution

My Lords, I am grateful to the Minister for answering my Written Question as to what the nominal value of student debt will be. In her answer, she said that, in five years’ time, the cumulative total debt will be £540 billion and, in 10 years, £869.4 billion. I understand that this is being used to kind of create more headroom for the Government’s borrowing. Is she really satisfied with student debt soaring to those levels?

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