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Source Page: Keeping The Promise to our children, young people and families - Update on progress 2024Found: Keeping The Promise to our children, young people and families - Update on progress 2024
Sep. 18 2024
Source Page: UK/Luxembourg: Convention for the Elimination of Double Taxation and the Prevention of Tax Evasion and Avoidance [TS No.70/2024]Found: UK/Luxembourg: Convention for the Elimination of Double Taxation and the Prevention of Tax Evasion and
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Source Page: Review of Home Credit Market Investigation Order 2007: Final Decision and Notice of Intention to Vary consultationFound: Review of Home Credit Market Investigation Order 2007: Final Decision and Notice of Intention to Vary
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Source Page: How do firms cope with economic shocks in real time?Found: These include prices, capital expenditures, debt and working practices.
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Source Page: Investing in Women Code Annual Report 2024Found: data collection 6 Next steps 9 Debt finance 15 Venture capital 21 Angel investment 36 The Code and
Sep. 18 2024
Source Page: Number of support staff in each Director General and Directors Office by grade: FOI ReleaseFound: Number of support staff in each Director General and Directors Office by grade: FOI Release
Asked by: Angus MacDonald (Liberal Democrat - Inverness, Skye and West Ross-shire)
Question to the Department for Education:
To ask the Secretary of State for Education, what assessment she has made of the prevalence of outstanding student loan balances increasing despite repayments being made as a result of high interest charges; and whether her Department is taking steps to review student loan interest rates to ensure excessive financial burdens are not imposed on borrowers.
Answered by Janet Daby - Parliamentary Under-Secretary (Department for Education)
As education is a devolved issue, the following response outlines the student finance system in England only.
Interest rates on student loans do not affect monthly repayments made by borrowers. Repayments are based on earnings above the applicable repayment threshold, not on amount borrowed or the rate of interest. As such, some borrowers will see their balance increasing at certain times despite making regular repayments to their student loan.
Student loans have very different terms and conditions to commercial loans. Unlike commercial unsecured personal loans, student loans are available to all eligible students regardless of their background or financial history. Student loans also carry significant protections for borrowers. For instance, monthly repayments are based only on earnings, and if a borrower’s income drops, so does the amount they repay. If income is below the relevant repayment threshold or a borrower is not earning, they do not have to make repayments at all. Any outstanding debt, including interest accrued, is written off after the loan term ends (or in case of death or disability) at no detriment to the borrower. The government is not aware of any commercial loans that offer such protections.
Sep. 17 2024
Source Page: NHS Pension Scheme annual report and accounts 2023 to 2024Found: NHS Pension Scheme annual report and accounts 2023 to 2024
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Source Page: Imperial War Museum Annual Report and Accounts 2023 to 2024Found: Imperial War Museum Annual Report and Accounts 2023 to 2024