Downing Street is refusing to say how much it will cost to cap student loan interest payments at 6%. When asked, the Number 10 spokesman said at the Lobby briefing this afternoon:
“I think the RPI figure will be published later this month, costs and funding will be set out at the Budget in the usual way…”
The cap will come into force from September, yet the Budget could be held as late as the end of November. Almost three months later…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”