Baroness Manzoor
Main Page: Baroness Manzoor (Conservative - Life peer)Department Debates - View all Baroness Manzoor's debates with the Ministry of Defence
(6 years, 11 months ago)
Lords ChamberMy Lords, does the Minister think there are any circumstances—
My Lords, I think it is the turn of the Conservative Benches, but I hope we can also fit in a question from the noble Lord, Lord Adonis.
I thank my noble friend. Is there any merit, while the Minister is reviewing interest rates, in giving consideration to CPI, which of course is lower than RPI?
We believe that RPI is more appropriate than CPI for student loans. It takes account, among other things, of changes in mortgage interest payments and council tax, which, I may say, are typical expenses for graduates that are not included in the calculation of CPI.