SALE OF STUDENT LOANS

Motion Text

That this House expresses grave concern at the proposed sale of student loans; is further concerned that any privatisation will not be beneficial for taxpayers; expresses concern that it may have serious consequences as the UK market has little experience of buying debt with an uncertain maturity date; notes that the Government has previously acknowledged that selling off parts of the student loan book was not good value for the taxpayer; laments the Government's decision to seek short-term profit at the expense of public interest; and therefore calls on the Government to reconsider its proposed sale of Student Loans