Students: Loans

(asked on 18th December 2018) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the amount by which the deficit will increase in 2018 as a result of the ONS decision on the treatment of student loans in Government accounts.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 7th January 2019

The Office for Budget Responsibility (OBR) published estimates of potential impacts of the new treatment on the deficit in their October 2018 Economic and fiscal outlook, which is available here: https://obr.uk/box/accounting-for-student-loans/

However, the Office for National Statistics (ONS) has made it clear that there is a lot to decide before their methodology is finalised. The ONS currently aim to fully implement the new treatment for student loans in the public sector finances in September 2019.

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