And it wasn't a false promise, it was a statement about what he would do given the opportunity. Its not great that the party can't find the money to change the system but its better they checked and said this isn't possible right away rather than take something impossible into a manifesto
The high housing cost will be a priority when a large enough number of the population are so affected by this so policy around this becomes a primary election focus and determinant in winning the election. For that to happen though, the problem probably gets worse for a while yet until parties have to address it better in their campaigns. e.g. Higher taxes on owning multiple homes, restrictions on short term rentals like AirBnB, higher stamp duty on buying multiple home, government backed housebuilding, right to buy rental accommodation, shift of focus of people and building focus from low density detached housing to medium density apartment blocks etc.
Those are definitely important and if we don't get climate change under control immigration will increase by orders of magnitude as vast swathes of currently inhabited earth go outside of habitable limits for humanity. With all those extra people looking for places to live that's going to make the current situation look good in comparison. At least there is enough accommodation for people to not be homeless or crammed in right now.
@@flmisthat's not true at all. The cost of childcare, the cost of food, the cost of heating all effect quality of life on a low income, not just house prices. High house prices wouldn't be an issue if wage growth had been keeping up with inflation.
"We won't make false promises." But your leader did to become the leader? Like multiple times he made false promises so why now does Labour only go back on the promises that hurt younger and low income people?
How does that work when the economic data means it could be done but 13 years of tory corruption, incompetence and waste has trashed the economy that the money is no longer there to pay for it. You can’t blame labour for Tory mismanagement of the economy.
You absolutely can hold Labour accountable. We want change and to give younger generations a chance to afford to live, we don't get there by going easy on Labour.
@@lenabo9929the gap between the UK and German economy isn't that great lol. It's not as if we are in poverty, even with the disaster of brexit and covid we are still one of the world's strongest economies
@@Gary-bz1rfthey were fine in the early 2000s? Even st £3k it was reasonable, £9k was a tory ploy to enrich universities and put off working class people
You misunderstood: "'yes the tuition system is crippling lots of people with forever debt. I want to fix it, but I can only tell you how once I see how much money there is in the coffers"
Its disingenuous to describe it as crippling. yes its uncomfortable to have that debt hanging over you, but the lowest earners never pay anywhere close to the total off, if they pay anything at all, and the amount you pay is proportional to your income. Unless the government changes these repayment rules, for now no one is crippled by student debt.
@@stuartbh8165 it's still landing the younger generations in essentially additional tax that no one until 10 years ago had. You're paying a higher rate of tax than people earning over £50k and paying the 40% threshold
Issue with tuition and student loans is that it is regressive with one flat tax rate above a certain income and punishes middle/poor people as rich people don't necessarily need to take out loans at all. Labour could absolutely replace the system with a more progressive banded tax system to make up revenue. Starmer and his crew are being deliberately obtuse here.
You can't be serious. Are you really suggesting charging people different amounts for the same service based on their circumstances in life? Do you not realise how insane that is?
The only way to make it more progressive to introduce a marginal repayment rate at a higher threshold. Say in addition to 9% of any salary above £27295, you have a marginal repayment rate of 15% for anything above £50000, then 20% for anything above £80,000. The only downside to this is that it would absolutely jack up the middle class' overall sum paid in taxes for the rest of their life which kinda defeats the point of the reform which is to eliminate student burdens. An alternative is to actively limit who could go to university or not and for people who can't, make apprenticeships more widely available.
When I went to uni, you didn't pay anything until you earned over £30000 and it went away after 30 years. Which was meant to act as a "tax" once you are a high earner. Then there are different percentages of repayments based on earnings. Personally if I had my time again I would not have gone to uni in general. Quite a lot of university courses are just a lecturer in front of a huge room and a lot of the time they would say "I will leave this for you to research" Personally I think those courses could easily be taught in schools especially at this day and age. For the most part universities are outdated. There are only certain courses that really need to be taught in a university
@@lordnoodle2146 , agreed. I think alternatives are already popping out though. Online high education courses being offered for like £10k for 2 years or even apprenticeships. Those are just 2 examples.
So, if they lied until after they were elected and then u-turned, you'd be much happier? Dry your eyes - we've had 13 years of Tory mismanagement and they only made things ever worse
To be honest, I just ran the numbers and it would cost roughly £20 billion a year to abolish tuition fees for domestic students (2,182,000 people * 9250 a year). Out of all the things that comes out of the government's yearly expenditure, that would be one of the cheaper things to implement. I think its totally doable to be honest. 🤷♂️
@@jameswelsh4479 there is a £20 billion hole universities would still need to fill and uk universities are actually demanding more too to keep in pace with private universities.
close all tax loopholes. the poor cant exploit them but are most reliant on tax and services provided by it. the rich do exploit them and thus don't contribute what they should and aren't reliant on the services that they undercut.
They should never charge variable interest rates on Student loans that are +3% whatever the CPI is. Right now it’s 7.3% for plan 2 students. It’s a crime, they build universities with taxpayer’s money, and then they charge their children to study there. If you’re going to loan out student loans to 18 year olds then at least give them a deal they can work with. They say “it gets paid off after 30 years” yeah after you’ve paid triple the original loan because of the interest payments. Do the maths on a £30,000 loan and you’ll find you’ve paid back £90,000 meaning you’ve paid 200% of your original loan in just interest payments. So they’ve paid off YOUR loan with YOUR money. Unless you live your life earning less than £26,000 forever which undercuts your quality of life. How can students get on the property ladder with something like this around their neck?
They're bigger liars than the Tories at times, specially with Kier, Mandleson and co. We need Voter system reform we need to break their monopoly, oligarchy with facade of democracy, and become truly democratic.
This is why we cant let any type of charging enter the NHS, when uni fees were introduced by Labour they were 1000 pound per year as soon as the Tories got in it's 9000 pounds a year bit of a difference, anything is better than the Tories right now they have run out of ideas and any credible candidates for the cabinet
The truth is...the triple lock, welfare for our client voters, subsidies for EV car buyers, subsidies for rich people to buy heat pumps, money to keep house prices high...it all costs billions and that's money we can't then spend on peoples' and this country's future.
Sure but even with all that the UK still has among the lowest government spending in Europe. There is plenty available if tax rates would be set to reasonable rates with more sensible brackets. But the UK has backed itself into a corner where tax increases are basically not politically viable anymore. Wonder how long it will take for everything to fall apart.
@@XMysticHerox I'm not sure how true that is but anyway, massive government debt + the squandered opportunity to set up a sovereign wealth fund with North Sea oil would I'd suggest have a bit of a drag on government spending.
@@loc4725 Because of austerity measures but as we know those are a terrible idea. Of course the UK seems to want to double down again and again. The only real solution here is increasing taxes to fix the debt while also investing properly into services again. North Sea Oil is basically irrelevant at the scale we are talking about here.
"It's would cost BILLIONS!" Meanwhile, in Scotland... Fully funded tuition, 0% interest on student loans, and a minimum 2k grant a year that you dont pay back. Not to mention scholarships. Sorry, I forgot that Scotland is just so much richer than the rest of the UK. Oh wait that don't sound exactly right.
Just draw all the funding into the STEM subjects to subsidise them as much as possible, then make people doing the non essential subjects like the arts pay full whack. As a tax payer I actively want to pay for our next generation of scientists or technicians. I shouldn’t have to pay for someone to study art, drama or some other useless subject.
The party is being honest about tory debt. Should they lie like Cameron did and put taxes up (in his case VAT) in weeks of getting into power. I want to hear their plans around housing & making the financial future for younger adults better...
If you moved the full financing of education to the tax base, then those who can currently afford to pay tuition would just end up paying that plus some more in their taxes, and those who can't currently afford it would see their current tax rate unchanged. I'm guessing, though, that they fear that they can't cover tuition through marginal tax increases, because they are afraid those paying in the upper tax bracket levels, will move their assets elsewhere.
Spiral of death. Less educated workers means less high paying jobs means less spendature in the economy, meaning less tax meaning higher fee's meaning more economic down turns meaning less companies will invest in your economy.
I like how their snippet of the gov tuition loans has the old numbers from 15 years ago before they tripped. Nice subtle way to make the guys who don't know there was once a buffer on the loans forget how much it really costs now
Labour's only talking point at this point is "We're not the Tories". But at this point they've even said they won't repeal several Tory placed laws. Or deal with the 13 years of Austerity that put us in this shite position. They're better than the Tories, but ughe.
Why should taxpayers who never benefitted from university pay for someone else's degree? If you have a good degree and earn more as a result you should pay. Not some 16 year old labourer
If grads improve society by improving the econmy then the general public do benefit, When grads pay higher taxes anyway, all that goes to subsidise the feckless welfare trash and the pensioners and the national disgrace
Honestly yes, I have a degree and large student loans but honestly the loans barely even impact me. The actual impact of university is the years of not working What would actually impact my finances is addressing the insane housing cost
Because a well educated populace is the basis for a strong economy. Almost anyone with a university degree will more than pay back what the state invested in them. Also generally what a ridiculous position. I know for sure you do not hold this opinion about say roads. Because you yourself benefit there presumably. But have fun with your crumbling nation. Extremely funny you go on to complain about housing. Absolutely blind.
I thiught the country had stagnated over the past 2 decades. Turns out were aftually downhill and pickup up speed. No one has any faith in the uk anymore. Falling behind poland and slovenia now
Can they at least bring the cost of university fees back to what it once was of £3000 a year again. That was 2000s levels back then. Give the students some leeway and some compromise.
Im a student and i will say starmer isnt wrong, we cant afford to not have student loans currently, but hopefully in the future things will change All weve gotta do is get rid of the bastards in charge right now
People seem to fail to understand, it's very hard to judge how to govern when you can only see the workings from the outside-in. Would people rather them promise the world like Corbyn only for them to achieve nothing because their finances were miscalculated? I find it irritating to no end that such an apparent apathy has this country's populace in a vice grip. People whinge about the Tories, and then moan about Labour whilst simultaneously refusing to vote for anyone else. At this rate I wholeheartedly believe we deserve our own suffering.
@@officerfriendly3245 You're entitled to your own opinion just as I am my own. If I must explain it to you in simple terms because apparently that's all you can understand: I am sick of people complaining for the sake of complaining. Or hating people and their policies for the sake of it without genuinely listening to what they have to say.
@@TheBlueGuard Apologies, the way I worded it. I read Corbyns manifesto you see, as a lot of others should do for anyone running really, and he was very much of that old cloth of Labour that believed Nationalisation of everything regardless of economic logistics would solve everything. Nationalisation of waterworks, an ISP, electricity, rail networks, etc. With no indication of where that funding would come from or how any of that would be feasibly done within his five year tenure. Promised the world with the only explanation being how great it would be. How much you should want it. And, unsurprisingly, under Corbyn, Labour performed the worst it had in a long time. Hence, "Promising the world, and achieving nothing."
The choice to the British people is clear. On the one had we have a party who is libertarian and nationalistic and on the other hand we have the Tories.
We are going down not enough doctors ...or engineers we can't make a phone can't make a car can't go to space we are finished every one go get an MBA np planning to what graduated the contry needs
Graduates with low earnings don't pay back the loan, and even if they do it's at a fixed rate and is wipes after 30 years. Why does it matter how high the interest/debt gets?
I’m sorry but that is nonsense. The money is already spent through the Government owned organisation Student Loans Company. They are a nonprofit organisation that makes huge losses year on year. Relieving Student Debt and abolishing fee’s would massively benefit the economy as those with debts could then use they money they save to do things like buy houses or luxury goods helping to add a big boost to the economy. Keir simply lied through his teeth to get the top job and he has basically gone back on everything he said he stood for. He won’t get my vote.
The student debt is worth hundreds of billions and held as an asset by the government, they can't just write it off and carry on as normal, plus they'd lose the revenue stream from loan repayments. Sure people would have more money to spend but if there were no taxes people would have more money to spend, we just wouldn't have any government services
@@ArtoskI think people look at this area and just assume it's simple it's not. It would cost billions to do, when money is very much needed in other areas. It is certainly a policy that does need altering at some point
@@Artosk it’s not a revenue stream though when year on year your outlay is far higher than the amount you recoup and the admin costs eat further into that. I’m talking about increasing the amount raised in taxes by allowing people more money to use as that will not only increase tax revenue but it will also boost the economy through simple supply and demand.
@@lenabo9929 it wouldn’t cost billions. The money is already spent. It would actually save money in the long term whilst also stimulating growth in the economy. Graduates are one group that really needs help getting onto the property ladder and making sure they are not saddled with debt for purely improving their education is one of the best ways you can help them to do that.
@@leonbrooks2107 it is a revenue stream, sure its not net income but people paying in does still give money and even without student loans the universities would still need the money and idk who else would provide besides the government so they lose the revenue stream from payments with no reduction in spend. The money would still need to come from somewhere and wiping out huge amounts of government owned debt would have huge financial implications when it comes to things like government ability to borrow. Truss showed you can't just eliminate income and spend big without consequence. I absolutely agree that it ideally would be reformed but as someone who is looking at SLC repayments being a major spend for my foreseeable future, I'm completely okay with labour focusing on other areas if/when they get into government
I was told there was no interest when I got my student lone. They went further and said even if you don't need it you should get it because its the only lone you'll ever get interest free.
I don't understand why people complain about student loans in the UK. There is a cap, and you only pay a percentage above the minimum threshold, with the debt expiring after (now) 40 years. It's like paying an extra tax if you decide to go to uni, which is perfectly reasonable. And in exchange, the UK has some of the best universities out there.
Hi TLDR news, this strange lady seems to think that the current situation in which students have to borrow the money from banks and then not only repay it all but also the added interest is not a cost burden on people but paying the same money from money borrowed directly by the government is a cost is one of the moist peculiar distortions of reality I have ever come across!. Cheers, Richard.
The thing that pisses me off more than Starmers smug face is the fact Starmer thinks people are flocking to Labour because they like HIM ! All I can see happening if Labour win is a different set of people filling their pockets .👎👎🖕 Top channel .👍
@@texasred5665 they're not even in government yet and they've u-turned almost as much as the Tories. The best thing about Labour is that they're not the Conservatives, but that margin is getting pretty thin already.
@@Woodlouse1704the current tory party is actively populist. They're litrerally just culture warriors at this point. just because they sound like 5-10 year ago torys doesn't mean they're all the same. One of them is an adult. The other one is just tyring to get away from needing pocket money from his tax dodging arsehole of a wife 😂😂😂
@@Woodlouse1704the margin is massive. Iv voted Conservative several time the difference is night and day. One labour current cabinet are all realists. They want to help people and understand that the UK needs to spend money in order to do so. However, we arent able to do so currently but I cab tell know they will shift back to the left when they are able to. They aren't doing this because it's built into their political philosophy. They are doing it because what else can they do? If they suggest spending their way out the torys will likley win. People are more on the left don't get that the only thing that matters is winning. You can't do shit unless you win. Blair knew this. But under corban he tried to run a party as a protest movement.
They can't abolish tuition fees entirely due to financial reasons, but they could definitely make the skills we're short on cheaper to get. If there aren't enough people willing to do the job, you probably aren't offering them enough.
I mean it costs £200 billion pounds just to get rid of existing tuition fees. That's like 20% of our State Budget. And it is 20% of loans that students owe to the government so why would it make sense to "cancel" loans that student owe to the government. Rachel Reeves is right. Where the hell is that sum of money going to come from?
@@prasanta5139😴 clearly never experienced what it’s like to live on universal credit. People can’t just sit at home and do nothing - the job centre will find you any job to do, even if it’s 20 miles away and you don’t have a car. Such a lazy comment from you.
Your argument will go over their heads, these people just want free stuff. They neither care, nor is capable of understanding the economic requirements
This is the discussion of abolishing future tuition fees, not abolishing existing debt. That's an entirely separate issue. It's a false economy anyway as the vast majority of that debt is written off after 35 years. May as well just make tution free for domestic students in the first place and at least save money on all the related administrative costs.
Too many people go to university and then come out expecting a guaranteed job and 100k from day 1. Some trades won’t even accept uni graduates or degree holders. U.K. uni fees need to rise to the same as international students, and more focus should go on real life vocational training.
Why do people who want tuition fees scrapped never compare their situation to Scotland? If there’s anything Labour hates it’s losing political capital to the SNP, if you want tuition fees scrapped then you should make that very unflattering comparison. Free tuition isn’t a pipe dream, we already have it
But englands student loans aren’t crippling anybody. The repayments you have to make are only 9% over a threshold of something like 25,000pa. Now I understand that those who live in high cost areas like London may be making 40,000 and still struggle, but it’s a better system than using taxpayer money to pay off the loans of those who benefitted from a degree
They don't want scrapping. I don't want to pay tax for someone to get a degree. If you want it, pay for it. Fed up with people having their hands out wanting free stuff.
Not sure why they don't at least minimize or eliminate interest on fees and maybe stretch the payments out to such a small amount per payment that it becomes affordable.
The Scottish Government have managed to allocate a certain percent of their given budget, roughly equal* per head to what the UK government have to work with in England, to free university tuition for Scottish students, even managing to throw in free prescriptions and free bus travel for people aged 5-21, without services declining. In fact, some might say services are better. If the Scottish Government can do it, then the UK government can do it. They just don't want to. *Technically, Scotland gets more per head than England, however, there are multiple other factors like some taxes going straight to the Scottish government, the size of the populations, and the population growth rate of the countries which all sort of cancel each other out to create a similar number.
Why should any taxpayer pay for your child to get a pointless degree? Education is free up until 18. Half of students I know are wasting time and money at Uni - at least its their own credit.
I honestly struggle to see a difference between labour and the Liberal Democrat’s. When it’s time for the election, the deciding choice for me will be what is stated in the manifesto because I otherwise don’t think there’s anything special about labour right now.
You have to pay 9% of any your income above £27k, and 6% of your income for postgrad loans over £21k. Because they aren't fixed rate interest, the postgrad loans (that were already 6.5% interest) went up to 9% in this last year alone, and the plan 2 (undergrad) also increased to a similar rate. People were complaining about mortgages going up because of Liz Truss when really students were being hit hardest, because these loans last over 30 years I assume (although I've not done the calculation) the initial interest rates and repayment threshold meant that everyone over the median UK salary would pay back the full amount of the loan (in interest only) over 30 years. Now, that's not possible so that percentile has shifted - People will jobs well above median salary and supposed to be able to pay it off in e.g. 23 years will now take 30 years to pay off the original debt plus the accrued interest. I'm fortunate to have a good career and I made some capital gains when my employer company was sold. I paid off my postgrad (about £13k overall) before the UK interest rates increased, because that had a higher interest rate. I also paid off £30k of my plan 2 loan so that the compounding interest was less (i.e. less interest accrues when the loan is lower). I was until recently paying £470 every month on student loans (automatically deducted from my paychecks). My rent was £475 a month... If I hadn't of wasted all my savings (which was my first house deposit), then I calculated it would have taken me about 23 years to repay the loan in full + the interest added which was roughly equal to more than twice the initial loan amount (over £125k). If I get my new job, I'll be paying £657 a month on repayments. That's £657 every month that my older colleagues don't have to pay. Increasing student loans was a clever long-term plan of making sure different economic classes don't mix, that only stupid people who can't do simple math gloss over with "you won't pay it back it will be wiped in 30 years anyway". The irony is that people like myself in the top 3 percentile of income who should vote Tory, as well as most smart post-2012 students looking at their ever increasing student loans, realise they fucked us and will never be voting Tory or Lib Dems again in our lifetimes.
Scotland doesn't have fees, we all pay that with our taxes. Why not stop the interest rates? Labour after all are trying to use the naivety of students to vote for them and undermine the majority of adults who know the truth about Labour and the damage they have caused with their vote fixing in tower hamlets, their taking bribes to install lords, their ruining of the house of lords, their mass immigration policy. All they do is identify a group that would vote for them and tell them what they want to hear, it used to be the the labour groups, miners ect but then they dropped them when they realised they could get the jewish vote during the early nineties but soon they threw them under the bus when the muslim population grew, now they know their votes lie in anti-British supporters so they are set to disregard the people of this country for profit and replace them with labour votes at any cost
Labour u-turn on so many policies, I can't trust them. At least with the tories I know they're the bad guys, but labour is deceptive like a wolf in sheep's clothing. Guess I'll have to vote for a 3rd party in the 2024 election unfortunately. Can't bring myself to vote for Labour and definitely not Conservative.
They introduced tuition fees, so why on earth would they scrap them? Given how many young adults are in college, not to mention universities, how could it be funded? The cost to the taxpayer would be immense. Young people on skid row, the minimum wage crowd pay for their betters to go to uni with their taxes. Meanwhile, many students never repay their student loans, or have them reduced. Do the young people working in supermarkets get their taxes back after funding these privileged ones?
labour has their best political environment in 20 years and continue to do absolutely nothing with it very impressive they couldn’t be worst if they tired
The adults are in charge this time unlike the foolish Corbyn years. You will have to turn your brain on and realise that sometimes you accept half of what you wanted when you can't get the whole, rather than having a paddy and refusing the lot.
Okay. Sure I can accept they haven't come out with enough policies. But my issue with the criticism is it often from the corban end of the party. They would never be happy unless there's a major policy plan for everything. Which is unworkable. The only thing that matters for Labour is wining. If Starmer wins a majority it will be very impressive work from how bad they did in 2019.
it's a bit dramatic to say that university tuition is crippling. It is actually fairly affordable. I'd agree with Labour that free university education is not a priority.
The government has access to infinite money tax is used to pay up the debt incurred from deficit spending maybe just tax all the corporations that doubled their profits over covid and there you go solved the issue in one paragraph.
Im a labour supporter and i dont think itsbgreat uturning on this however there is only a limited pot and investing in say the nhs would make more sense. We treat more people ww get more in to work and we up tax revenues.
“We won’t make false promises.”
While talking about a false promise they went back on
But there's a difference in lying to a few politicians than to an entire country.
They didn't lie, it was suggested and costed before the massive economic downturn caused by covid, poor conservative leadership and ukraine.
@@endzone13you do realize that the Starmer was elected by the entire Labour Party, not MPs, right?
@@ferddoesweirdthingsinlife1040 And he's already said, if you don't like his changes, leave the party. Its simple.
And it wasn't a false promise, it was a statement about what he would do given the opportunity. Its not great that the party can't find the money to change the system but its better they checked and said this isn't possible right away rather than take something impossible into a manifesto
The low wages and high housing cost should be every governments priority
The high housing cost will be a priority when a large enough number of the population are so affected by this so policy around this becomes a primary election focus and determinant in winning the election. For that to happen though, the problem probably gets worse for a while yet until parties have to address it better in their campaigns. e.g. Higher taxes on owning multiple homes, restrictions on short term rentals like AirBnB, higher stamp duty on buying multiple home, government backed housebuilding, right to buy rental accommodation, shift of focus of people and building focus from low density detached housing to medium density apartment blocks etc.
Low wages wouldn't be a problem if high housing cost didn't exist. So I think it's just the housing crisis.
Those are definitely important and if we don't get climate change under control immigration will increase by orders of magnitude as vast swathes of currently inhabited earth go outside of habitable limits for humanity. With all those extra people looking for places to live that's going to make the current situation look good in comparison. At least there is enough accommodation for people to not be homeless or crammed in right now.
@@flmisthat's not true at all. The cost of childcare, the cost of food, the cost of heating all effect quality of life on a low income, not just house prices.
High house prices wouldn't be an issue if wage growth had been keeping up with inflation.
@@alanbugler4404and if that happens the costs would always go up.
"We won't make false promises."
But your leader did to become the leader? Like multiple times he made false promises so why now does Labour only go back on the promises that hurt younger and low income people?
How does that work when the economic data means it could be done but 13 years of tory corruption, incompetence and waste has trashed the economy that the money is no longer there to pay for it. You can’t blame labour for Tory mismanagement of the economy.
You absolutely can hold Labour accountable. We want change and to give younger generations a chance to afford to live, we don't get there by going easy on Labour.
Remember kids, when the UK is implementing US ideas that Germany will continue to have great schools and cheap tuition.
Germany do do something better than us. They are also a stronger economy.
@@lenabo9929the gap between the UK and German economy isn't that great lol. It's not as if we are in poverty, even with the disaster of brexit and covid we are still one of the world's strongest economies
The US is much richer than Germany, per capita wise.
Germany is far from alone with free education, it's UK and US that are the exceptions.
@@hobbabobba7912they have a higher population and not everyone benefits from per capita
Tl;Dr: 'yes the tuition system is crippling lots of people with forever debt and I currently have no plan or intention to do anything about that'
@@Gary-bz1rfthey were fine in the early 2000s? Even st £3k it was reasonable, £9k was a tory ploy to enrich universities and put off working class people
You misunderstood:
"'yes the tuition system is crippling lots of people with forever debt. I want to fix it, but I can only tell you how once I see how much money there is in the coffers"
Its disingenuous to describe it as crippling. yes its uncomfortable to have that debt hanging over you, but the lowest earners never pay anywhere close to the total off, if they pay anything at all, and the amount you pay is proportional to your income. Unless the government changes these repayment rules, for now no one is crippled by student debt.
That was actually a very poor and misleading TLDR. And everyone who watched this short knows it
@@stuartbh8165 it's still landing the younger generations in essentially additional tax that no one until 10 years ago had. You're paying a higher rate of tax than people earning over £50k and paying the 40% threshold
This economic situation we find ourselves in is CAUSED by austerity. Austerity doesn’t fix these problems, it causes them.
Labour continue to offer nothing.
They seem to be going for the "we're not the tories"
"Oh no, no free stuff? Well, what's the point of voting then? Hmph!"
You should have paid attention to the conference if you think Labour offers nothing. It couldn't be further from the truth.
@@SirSX3you don't understand basic economics.
@@michaeltye2359he was being sarcastic
@@uprightlizard3774 sarcastically showing he doesn't understand basic economics
Issue with tuition and student loans is that it is regressive with one flat tax rate above a certain income and punishes middle/poor people as rich people don't necessarily need to take out loans at all.
Labour could absolutely replace the system with a more progressive banded tax system to make up revenue. Starmer and his crew are being deliberately obtuse here.
You can't be serious. Are you really suggesting charging people different amounts for the same service based on their circumstances in life? Do you not realise how insane that is?
@@regarded9702 have you ever lived in a society before?
The only way to make it more progressive to introduce a marginal repayment rate at a higher threshold.
Say in addition to 9% of any salary above £27295, you have a marginal repayment rate of 15% for anything above £50000, then 20% for anything above £80,000.
The only downside to this is that it would absolutely jack up the middle class' overall sum paid in taxes for the rest of their life which kinda defeats the point of the reform which is to eliminate student burdens.
An alternative is to actively limit who could go to university or not and for people who can't, make apprenticeships more widely available.
When I went to uni, you didn't pay anything until you earned over £30000 and it went away after 30 years. Which was meant to act as a "tax" once you are a high earner. Then there are different percentages of repayments based on earnings.
Personally if I had my time again I would not have gone to uni in general. Quite a lot of university courses are just a lecturer in front of a huge room and a lot of the time they would say "I will leave this for you to research"
Personally I think those courses could easily be taught in schools especially at this day and age. For the most part universities are outdated. There are only certain courses that really need to be taught in a university
@@lordnoodle2146 , agreed. I think alternatives are already popping out though.
Online high education courses being offered for like £10k for 2 years or even apprenticeships. Those are just 2 examples.
Got to give it to Labour for efficitency, they don’t even wait until they’re elected to drop every moral they believe in
So, if they lied until after they were elected and then u-turned, you'd be much happier? Dry your eyes - we've had 13 years of Tory mismanagement and they only made things ever worse
There is no difference between Tories and Labour,
To be honest, I just ran the numbers and it would cost roughly £20 billion a year to abolish tuition fees for domestic students (2,182,000 people * 9250 a year). Out of all the things that comes out of the government's yearly expenditure, that would be one of the cheaper things to implement. I think its totally doable to be honest. 🤷♂️
2.86 million people for 2021/2022 so about 30 billion a year
@@jackmorris6967 it’s the number of universities student in the uk according to the government
Actually it would cost less because u only abolish tuition for uk students while still charging over sea students
@@mohammedhussain6749 I calculated based on a per cohort basis but your calculation is more correct so I'm going to amend my comment 👍
@@jameswelsh4479 there is a £20 billion hole universities would still need to fill and uk universities are actually demanding more too to keep in pace with private universities.
The money comes from taxing those who have too much of it. That's how government in a non-rentier state works, it's that simple.
close all tax loopholes. the poor cant exploit them but are most reliant on tax and services provided by it. the rich do exploit them and thus don't contribute what they should and aren't reliant on the services that they undercut.
You are that simple.
@@oliver8149Nice contribution
And those people are basically all graduates...
And yet the Scottish government manages it every year..
Because Scotland has a significantly smaller number of students compared to the rest of the U.K.
@@sid35gb The rest of the UK receives significantly larger amounts of money than Scotland so I fail to see why that matters.
@Alastair_ the money they receive still isn't enough to cope with the amount of students
@@Alastair_ lol still less per student.
@@sid35gb
How much per student in each country?
They should never charge variable interest rates on Student loans that are +3% whatever the CPI is. Right now it’s 7.3% for plan 2 students. It’s a crime, they build universities with taxpayer’s money, and then they charge their children to study there. If you’re going to loan out student loans to 18 year olds then at least give them a deal they can work with.
They say “it gets paid off after 30 years” yeah after you’ve paid triple the original loan because of the interest payments. Do the maths on a £30,000 loan and you’ll find you’ve paid back £90,000 meaning you’ve paid 200% of your original loan in just interest payments.
So they’ve paid off YOUR loan with YOUR money. Unless you live your life earning less than £26,000 forever which undercuts your quality of life. How can students get on the property ladder with something like this around their neck?
They're bigger liars than the Tories at times, specially with Kier, Mandleson and co.
We need Voter system reform we need to break their monopoly, oligarchy with facade of democracy, and become truly democratic.
This is why we cant let any type of charging enter the NHS, when uni fees were introduced by Labour they were 1000 pound per year as soon as the Tories got in it's 9000 pounds a year bit of a difference, anything is better than the Tories right now they have run out of ideas and any credible candidates for the cabinet
The truth is...the triple lock, welfare for our client voters, subsidies for EV car buyers, subsidies for rich people to buy heat pumps, money to keep house prices high...it all costs billions and that's money we can't then spend on peoples' and this country's future.
Sure but even with all that the UK still has among the lowest government spending in Europe. There is plenty available if tax rates would be set to reasonable rates with more sensible brackets. But the UK has backed itself into a corner where tax increases are basically not politically viable anymore. Wonder how long it will take for everything to fall apart.
@@XMysticHerox I'm not sure how true that is but anyway, massive government debt + the squandered opportunity to set up a sovereign wealth fund with North Sea oil would I'd suggest have a bit of a drag on government spending.
@@loc4725 Because of austerity measures but as we know those are a terrible idea. Of course the UK seems to want to double down again and again.
The only real solution here is increasing taxes to fix the debt while also investing properly into services again.
North Sea Oil is basically irrelevant at the scale we are talking about here.
If they actually make good on their promises they won't have anything to promise next election cycle
"It's would cost BILLIONS!"
Meanwhile, in Scotland... Fully funded tuition, 0% interest on student loans, and a minimum 2k grant a year that you dont pay back. Not to mention scholarships. Sorry, I forgot that Scotland is just so much richer than the rest of the UK. Oh wait that don't sound exactly right.
Just draw all the funding into the STEM subjects to subsidise them as much as possible, then make people doing the non essential subjects like the arts pay full whack.
As a tax payer I actively want to pay for our next generation of scientists or technicians. I shouldn’t have to pay for someone to study art, drama or some other useless subject.
Labour don't have my vote, they likely never will again. They didn't before Corbyn, and they certainly don't at the moment.
and how much did your vote help Corbyn?
1. Same as your vote (presumably) helped the Tories by 1. Our votes are equal.@@SirSX3
We were doing pretty well economically in 1998 when Labour introduced them.
The party is being honest about tory debt. Should they lie like Cameron did and put taxes up (in his case VAT) in weeks of getting into power. I want to hear their plans around housing & making the financial future for younger adults better...
Well you won't get my Vote. RR is a Tory as is Starver and Wes. University should be free for all.
If you moved the full financing of education to the tax base, then those who can currently afford to pay tuition would just end up paying that plus some more in their taxes, and those who can't currently afford it would see their current tax rate unchanged. I'm guessing, though, that they fear that they can't cover tuition through marginal tax increases, because they are afraid those paying in the upper tax bracket levels, will move their assets elsewhere.
When will governments realize a more educated populace generates more GDP
Labour party are Tory in waiting.
Spiral of death. Less educated workers means less high paying jobs means less spendature in the economy, meaning less tax meaning higher fee's meaning more economic down turns meaning less companies will invest in your economy.
I like how their snippet of the gov tuition loans has the old numbers from 15 years ago before they tripped. Nice subtle way to make the guys who don't know there was once a buffer on the loans forget how much it really costs now
Labour's only talking point at this point is "We're not the Tories". But at this point they've even said they won't repeal several Tory placed laws. Or deal with the 13 years of Austerity that put us in this shite position.
They're better than the Tories, but ughe.
It's going to cost more in the long run if they don't get rid of them.
Why should taxpayers who never benefitted from university pay for someone else's degree? If you have a good degree and earn more as a result you should pay. Not some 16 year old labourer
If grads improve society by improving the econmy then the general public do benefit, When grads pay higher taxes anyway, all that goes to subsidise the feckless welfare trash and the pensioners and the national disgrace
Honestly yes, I have a degree and large student loans but honestly the loans barely even impact me.
The actual impact of university is the years of not working
What would actually impact my finances is addressing the insane housing cost
@chrissmith3587 appreciate you commenting. Yeah housing is insane atm, shame we can't get any built because of nimbies
Because a well educated populace is the basis for a strong economy. Almost anyone with a university degree will more than pay back what the state invested in them.
Also generally what a ridiculous position. I know for sure you do not hold this opinion about say roads. Because you yourself benefit there presumably. But have fun with your crumbling nation. Extremely funny you go on to complain about housing. Absolutely blind.
Because that’s what taxes are for, the general betterment of society
I thiught the country had stagnated over the past 2 decades. Turns out were aftually downhill and pickup up speed. No one has any faith in the uk anymore. Falling behind poland and slovenia now
Can they at least bring the cost of university fees back to what it once was of £3000 a year again. That was 2000s levels back then. Give the students some leeway and some compromise.
Im a student and i will say starmer isnt wrong, we cant afford to not have student loans currently, but hopefully in the future things will change
All weve gotta do is get rid of the bastards in charge right now
Quite right, let’s have prudence in economic policy.
People seem to fail to understand, it's very hard to judge how to govern when you can only see the workings from the outside-in.
Would people rather them promise the world like Corbyn only for them to achieve nothing because their finances were miscalculated?
I find it irritating to no end that such an apparent apathy has this country's populace in a vice grip. People whinge about the Tories, and then moan about Labour whilst simultaneously refusing to vote for anyone else. At this rate I wholeheartedly believe we deserve our own suffering.
@@officerfriendly3245 You're entitled to your own opinion just as I am my own. If I must explain it to you in simple terms because apparently that's all you can understand: I am sick of people complaining for the sake of complaining. Or hating people and their policies for the sake of it without genuinely listening to what they have to say.
Oh, yes. I remember the days of Prime Minister Corbyn and his terrible policies with... Oh, wait. He never did become PM. What planet are you from?
@@TheBlueGuard Apologies, the way I worded it.
I read Corbyns manifesto you see, as a lot of others should do for anyone running really, and he was very much of that old cloth of Labour that believed Nationalisation of everything regardless of economic logistics would solve everything. Nationalisation of waterworks, an ISP, electricity, rail networks, etc. With no indication of where that funding would come from or how any of that would be feasibly done within his five year tenure. Promised the world with the only explanation being how great it would be. How much you should want it. And, unsurprisingly, under Corbyn, Labour performed the worst it had in a long time.
Hence, "Promising the world, and achieving nothing."
Students fees should be the least of any governments priorities
Reduce the interest rate to the bank of England rate would make a huge difference
The choice to the British people is clear. On the one had we have a party who is libertarian and nationalistic and on the other hand we have the Tories.
Another flip-flop. No suprises there for Starmer.
We are going down not enough doctors ...or engineers we can't make a phone can't make a car can't go to space we are finished every one go get an MBA np planning to what graduated the contry needs
Graduates with low earnings don't pay back the loan, and even if they do it's at a fixed rate and is wipes after 30 years. Why does it matter how high the interest/debt gets?
I’m sorry but that is nonsense. The money is already spent through the Government owned organisation Student Loans Company. They are a nonprofit organisation that makes huge losses year on year. Relieving Student Debt and abolishing fee’s would massively benefit the economy as those with debts could then use they money they save to do things like buy houses or luxury goods helping to add a big boost to the economy. Keir simply lied through his teeth to get the top job and he has basically gone back on everything he said he stood for. He won’t get my vote.
The student debt is worth hundreds of billions and held as an asset by the government, they can't just write it off and carry on as normal, plus they'd lose the revenue stream from loan repayments.
Sure people would have more money to spend but if there were no taxes people would have more money to spend, we just wouldn't have any government services
@@ArtoskI think people look at this area and just assume it's simple it's not. It would cost billions to do, when money is very much needed in other areas.
It is certainly a policy that does need altering at some point
@@Artosk it’s not a revenue stream though when year on year your outlay is far higher than the amount you recoup and the admin costs eat further into that. I’m talking about increasing the amount raised in taxes by allowing people more money to use as that will not only increase tax revenue but it will also boost the economy through simple supply and demand.
@@lenabo9929 it wouldn’t cost billions. The money is already spent. It would actually save money in the long term whilst also stimulating growth in the economy. Graduates are one group that really needs help getting onto the property ladder and making sure they are not saddled with debt for purely improving their education is one of the best ways you can help them to do that.
@@leonbrooks2107 it is a revenue stream, sure its not net income but people paying in does still give money and even without student loans the universities would still need the money and idk who else would provide besides the government so they lose the revenue stream from payments with no reduction in spend.
The money would still need to come from somewhere and wiping out huge amounts of government owned debt would have huge financial implications when it comes to things like government ability to borrow. Truss showed you can't just eliminate income and spend big without consequence.
I absolutely agree that it ideally would be reformed but as someone who is looking at SLC repayments being a major spend for my foreseeable future, I'm completely okay with labour focusing on other areas if/when they get into government
I was told there was no interest when I got my student lone. They went further and said even if you don't need it you should get it because its the only lone you'll ever get interest free.
I don't understand why people complain about student loans in the UK. There is a cap, and you only pay a percentage above the minimum threshold, with the debt expiring after (now) 40 years. It's like paying an extra tax if you decide to go to uni, which is perfectly reasonable. And in exchange, the UK has some of the best universities out there.
Hi TLDR news, this strange lady seems to think that the current situation in which students have to borrow the money from banks and then not only repay it all but also the added interest is not a cost burden on people but paying the same money from money borrowed directly by the government is a cost is one of the moist peculiar distortions of reality I have ever come across!.
Cheers, Richard.
The thing that pisses me off more than Starmers smug face is the fact Starmer thinks people are flocking to Labour because they like HIM ! All I can see happening if Labour win is a different set of people filling their pockets .👎👎🖕 Top channel .👍
Yeah because they're all the same aren't they? Such a damaging, stupid argument
@@texasred5665 they're not even in government yet and they've u-turned almost as much as the Tories. The best thing about Labour is that they're not the Conservatives, but that margin is getting pretty thin already.
@@Woodlouse1704the current tory party is actively populist. They're litrerally just culture warriors at this point.
just because they sound like 5-10 year ago torys doesn't mean they're all the same. One of them is an adult. The other one is just tyring to get away from needing pocket money from his tax dodging arsehole of a wife 😂😂😂
@@Woodlouse1704the margin is massive. Iv voted Conservative several time the difference is night and day.
One labour current cabinet are all realists. They want to help people and understand that the UK needs to spend money in order to do so. However, we arent able to do so currently but I cab tell know they will shift back to the left when they are able to.
They aren't doing this because it's built into their political philosophy. They are doing it because what else can they do? If they suggest spending their way out the torys will likley win.
People are more on the left don't get that the only thing that matters is winning. You can't do shit unless you win. Blair knew this. But under corban he tried to run a party as a protest movement.
Why don’t we just stop subsidising the Scottish education system and subsidise the rest of the UK…they don’t wanna be here anyways
They can't abolish tuition fees entirely due to financial reasons, but they could definitely make the skills we're short on cheaper to get. If there aren't enough people willing to do the job, you probably aren't offering them enough.
Then put that money into increasing teacher/nurse wages
Yes subsidise STEM degrees would be worth doing
I mean it costs £200 billion pounds just to get rid of existing tuition fees. That's like 20% of our State Budget. And it is 20% of loans that students owe to the government so why would it make sense to "cancel" loans that student owe to the government.
Rachel Reeves is right. Where the hell is that sum of money going to come from?
money going to come from cutting benefits from people who never pay into the system.
@@prasanta5139...children, then? Or people with severe disabilities who are unlikely to find employment?
@@prasanta5139😴 clearly never experienced what it’s like to live on universal credit. People can’t just sit at home and do nothing - the job centre will find you any job to do, even if it’s 20 miles away and you don’t have a car. Such a lazy comment from you.
Your argument will go over their heads, these people just want free stuff. They neither care, nor is capable of understanding the economic requirements
This is the discussion of abolishing future tuition fees, not abolishing existing debt. That's an entirely separate issue. It's a false economy anyway as the vast majority of that debt is written off after 35 years.
May as well just make tution free for domestic students in the first place and at least save money on all the related administrative costs.
"social justice" is a big red flag....
The money comes from paying people more so they can pay more tax, the Rishi Sunaks with more money than they will ever need should pay even more!😮
Too many people go to university and then come out expecting a guaranteed job and 100k from day 1. Some trades won’t even accept uni graduates or degree holders. U.K. uni fees need to rise to the same as international students, and more focus should go on real life vocational training.
No surprises. They don't want to anger their corporate friends too much.
For any Englishmen thinking of going to university next year. Come to Scotland, the tuition is free 😁👍
Why do people who want tuition fees scrapped never compare their situation to Scotland? If there’s anything Labour hates it’s losing political capital to the SNP, if you want tuition fees scrapped then you should make that very unflattering comparison. Free tuition isn’t a pipe dream, we already have it
Vote Reform.
But englands student loans aren’t crippling anybody. The repayments you have to make are only 9% over a threshold of something like 25,000pa. Now I understand that those who live in high cost areas like London may be making 40,000 and still struggle, but it’s a better system than using taxpayer money to pay off the loans of those who benefitted from a degree
They don't want scrapping. I don't want to pay tax for someone to get a degree. If you want it, pay for it. Fed up with people having their hands out wanting free stuff.
Too bad. It's getting scrapped just a question of demographics
You don't get a choice.
Not sure why they don't at least minimize or eliminate interest on fees and maybe stretch the payments out to such a small amount per payment that it becomes affordable.
people that study, graduate and never have huge earnings should have studied something that actually contributes positively to the economy.
People studying things that are no use to society like16th century art should pay themselves ,doctors,scientists no fees at all
If Scotland can do it, why cant England?
Politics"it isn't practical to help people"
Typical labour, they say anything, then drop it ASAP, hoping the voters are idiots
The Scottish Government have managed to allocate a certain percent of their given budget, roughly equal* per head to what the UK government have to work with in England, to free university tuition for Scottish students, even managing to throw in free prescriptions and free bus travel for people aged 5-21, without services declining. In fact, some might say services are better.
If the Scottish Government can do it, then the UK government can do it. They just don't want to.
*Technically, Scotland gets more per head than England, however, there are multiple other factors like some taxes going straight to the Scottish government, the size of the populations, and the population growth rate of the countries which all sort of cancel each other out to create a similar number.
Then why don't you just get rid of INTEREST!
How much did you pay to go to university rachel
Why should any taxpayer pay for your child to get a pointless degree? Education is free up until 18. Half of students I know are wasting time and money at Uni - at least its their own credit.
I honestly struggle to see a difference between labour and the Liberal Democrat’s. When it’s time for the election, the deciding choice for me will be what is stated in the manifesto because I otherwise don’t think there’s anything special about labour right now.
Jimmy Saville’s best friend
Can’t stand her the right wing Tory
If you're unbiased, how come you only get interviews with the shadow cabinet? (But not ministers)
You have to pay 9% of any your income above £27k, and 6% of your income for postgrad loans over £21k.
Because they aren't fixed rate interest, the postgrad loans (that were already 6.5% interest) went up to 9% in this last year alone, and the plan 2 (undergrad) also increased to a similar rate. People were complaining about mortgages going up because of Liz Truss when really students were being hit hardest, because these loans last over 30 years I assume (although I've not done the calculation) the initial interest rates and repayment threshold meant that everyone over the median UK salary would pay back the full amount of the loan (in interest only) over 30 years. Now, that's not possible so that percentile has shifted - People will jobs well above median salary and supposed to be able to pay it off in e.g. 23 years will now take 30 years to pay off the original debt plus the accrued interest.
I'm fortunate to have a good career and I made some capital gains when my employer company was sold. I paid off my postgrad (about £13k overall) before the UK interest rates increased, because that had a higher interest rate. I also paid off £30k of my plan 2 loan so that the compounding interest was less (i.e. less interest accrues when the loan is lower).
I was until recently paying £470 every month on student loans (automatically deducted from my paychecks). My rent was £475 a month... If I hadn't of wasted all my savings (which was my first house deposit), then I calculated it would have taken me about 23 years to repay the loan in full + the interest added which was roughly equal to more than twice the initial loan amount (over £125k). If I get my new job, I'll be paying £657 a month on repayments. That's £657 every month that my older colleagues don't have to pay.
Increasing student loans was a clever long-term plan of making sure different economic classes don't mix, that only stupid people who can't do simple math gloss over with "you won't pay it back it will be wiped in 30 years anyway". The irony is that people like myself in the top 3 percentile of income who should vote Tory, as well as most smart post-2012 students looking at their ever increasing student loans, realise they fucked us and will never be voting Tory or Lib Dems again in our lifetimes.
Lib Dems were a substantially different party then, they were right of Labour. Not the case now.
@@kelvinnkat lib Dems are just as useless, and have given everyone =30 years old
Funny how Germany scrapped all tuition fees a few years ago.
What's the point of labour? They've set themselves up to be able to do nothing much when this country is in its knees.
Scotland doesn't have fees, we all pay that with our taxes. Why not stop the interest rates? Labour after all are trying to use the naivety of students to vote for them and undermine the majority of adults who know the truth about Labour and the damage they have caused with their vote fixing in tower hamlets, their taking bribes to install lords, their ruining of the house of lords, their mass immigration policy. All they do is identify a group that would vote for them and tell them what they want to hear, it used to be the the labour groups, miners ect but then they dropped them when they realised they could get the jewish vote during the early nineties but soon they threw them under the bus when the muslim population grew, now they know their votes lie in anti-British supporters so they are set to disregard the people of this country for profit and replace them with labour votes at any cost
Vote Lib Dem
It’s neither the Tories nor Labour
Even though the Lib Dems were part of the coalition with the Tories that introduced the tuition fees?
@@PixelatedPenfold by that logic we shouldn’t vote Labour either because Blair went to war with Iraq
Labour u-turn on so many policies, I can't trust them. At least with the tories I know they're the bad guys, but labour is deceptive like a wolf in sheep's clothing. Guess I'll have to vote for a 3rd party in the 2024 election unfortunately. Can't bring myself to vote for Labour and definitely not Conservative.
They introduced tuition fees, so why on earth would they scrap them? Given how many young adults are in college, not to mention universities, how could it be funded? The cost to the taxpayer would be immense. Young people on skid row, the minimum wage crowd pay for their betters to go to uni with their taxes. Meanwhile, many students never repay their student loans, or have them reduced. Do the young people working in supermarkets get their taxes back after funding these privileged ones?
although disappointing that seemed like quite an honest straightforward answer to that question. Quite refreshing to see politicians answer things
Not an interview just a party propaganda piece
Sellouts
How about we stop subsidising fossil fuels and we subsidise education instead?
what a non-answer. starmer's cabinet really seems to have abandoned any significant reforms
So, does that make all of his pledges redundant now?
The people who graduate from a university and never have huge earnings only can blame themselves for studying a useless degree
labour has their best political environment in 20 years and continue to do absolutely nothing with it very impressive they couldn’t be worst if they tired
The adults are in charge this time unlike the foolish Corbyn years.
You will have to turn your brain on and realise that sometimes you accept half of what you wanted when you can't get the whole, rather than having a paddy and refusing the lot.
Ngl I would be so impressed with Labour if they lose the next election
Okay. Sure I can accept they haven't come out with enough policies. But my issue with the criticism is it often from the corban end of the party. They would never be happy unless there's a major policy plan for everything.
Which is unworkable. The only thing that matters for Labour is wining. If Starmer wins a majority it will be very impressive work from how bad they did in 2019.
it's a bit dramatic to say that university tuition is crippling. It is actually fairly affordable. I'd agree with Labour that free university education is not a priority.
Reduce the number of people going h to uni and it might be viable
🤣 ye right, working for the ‘people’ ....protecting the ‘working class!’ 🤣🖕
Abolish it for stem subjects not ridiculous drama degrees
They u-turned on tuition fees, yet I doubt they'll end up on 8 seats in the next election.
There is no fairness in this world.
So paying it would eliminate the spending on interest payments and cost less
Just make it 0 interest, not that fucking hard. Costs literally nothing by definition
Tution loans should not have interest.
The government has access to infinite money tax is used to pay up the debt incurred from deficit spending maybe just tax all the corporations that doubled their profits over covid and there you go solved the issue in one paragraph.
"The government has access to infinite money"
Sick of labour even. What economic situation we are giving billions to ukraine and isreal. 😅
Tbf it should be reformed not abolished
Im a labour supporter and i dont think itsbgreat uturning on this however there is only a limited pot and investing in say the nhs would make more sense. We treat more people ww get more in to work and we up tax revenues.
Keep tuition fees, but student loans should be based on living costs not the income of parents.