Question to the Department for Education:

To ask the Secretary of State for Education, what estimate her Department has made of the effect of the vote to leave the EU on the value of the student loan book; and whether that estimate affected her decision to sell it.

The decision to start the sale process for the student loan book (set out in Written Statement HCWS458) was based on a robust and comprehensive assessment of the market which showed that it has a good prospect of achieving value for money.

An in-depth market testing exercise suggested there was strong interest in this type of long-term, inflation-linked asset. Conditions in the equity and debt markets remain strong.

The Government will continue to monitor market conditions carefully to ensure we get a fair price and secure value for money for taxpayers.