The terms of student debt would bear to be nailed down if it were sold – which would stop ministers flexing repayments at willIn politics there are three types of U-turn. There are the ones stunt drivers call J-turns,where you spin 180 degrees in a haze of smoke and then disappear. There are the laborious three-point turns, which are messier but bear the same terminate result. And there are the illusory U-turns. These terminate up being a longer route to the original destination. This is nearly certainly what is happening with the sale of the £100bn student loan book to the private sector.
Successive governments bear promised – but failed to sell off a substantial tranche of student loans as a way of raising cash. Gordon Brown wanted to but ran out of time. The coalition was initially determined to, or but Vince Cable blocked a sale for political reasons.
Continue reading...
Source: theguardian.com