Martin Horwood
Main Page: Martin Horwood (Liberal Democrat - Cheltenham)(14 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text
Vince Cable
We have certainly discussed the matter with relevant Ministers, and we can produce a formal analysis of what the policy will mean for different parts of the UK. That is a perfectly legitimate matter to pursue.
Martin Horwood (Cheltenham) (LD)
I still support the eventual abolition of all domestic tuition fees, although that is possibly more than six years off now. However, will my right hon. Friend confirm clearly whether he intends less well-off students to pay less while at university than they did under the Labour Government, and less well-off graduates to pay a smaller proportion of their wages in tuition fee repayments?
Vince Cable
That is factually correct and has been endorsed this morning by the Institute for Fiscal Studies. My statement was originally going to say that 20% of graduates would pay less than they do at the moment, but I was fortified by discovering from the IFS’s commentary that the percentage is actually 30%. Almost one in three graduates will pay less than they do at the moment under the scheme that the Labour Government introduced.