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My Lords, I thank my noble friend the Minister for that Answer, but surely the student finance system inherited from the Conservatives is an utter shambles: there is mountainous student debt, averaging £70,000, compounding at extortionate interest rates; the Treasury is left with ginormous liabilities, because half is never repaid and is written off; and nearly half of UK universities have rising deficits, with closures and mergers forecast, thousands of lecturers sacked and diminished teaching standards. For every £3.50 paid by taxpayers on debt cancellation, just £1 is spent on teaching students. This is madness. Will the Government implement a graduate tax, estimated at 2%, much lower than the 9% now compulsorily deducted from graduate workers above the repayment threshold? This would be much fairer for students, good for universities and good for taxpayers.
My Lords, I thank my noble friend the Minister for that Answer, but surely the student finance system inherited from the Conservatives is an utter shambles: there is mountainous student debt, averaging £70,000, compounding at extortionate interest rates; the Treasury is left with ginormous liabilities, because half is never repaid and is written off; and nearly half of UK universities have rising deficits, with closures and mergers forecast, thousands of lecturers sacked and diminished teaching standards. For every £3.50 paid by taxpayers on debt cancellation, just £1 is spent on teaching students. This is madness. Will the Government implement a graduate tax, estimated at 2%, much lower than the 9% now compulsorily deducted from graduate workers above the repayment threshold? This would be much fairer for students, good for universities and good for taxpayers.
My Lords, I acknowledge my noble friend’s criticisms of plan 2 loans, which were designed by the Conservative and Liberal Democrat coalition. Having said that, in principle, a combination of income-contingent student loans and grants is a fair way to ensure that those who benefit from higher education contribute, while lower earners are protected. On the point about the financial sustainability of higher education, our increase of the tuition fee cap is now providing more certainty to higher education about its income from tuition fees, which should enable it to take a longer-term view of its workforce planning and to protect the talent that exists within our higher education institutions. A graduate tax would dramatically increase upfront costs for taxpayers and incentivise graduates to move overseas after completing study. I suspect that these are just a couple of the reasons why no country has ever financed higher education in this way.
To ask His Majesty’s Government what plans they have, if any, to reform university student finance.
To ask His Majesty’s Government what plans they have, if any, to reform university student finance.
My Lords, this Government are taking decisive action to improve the student finance system that we inherited. We are capping interest rates to protect plan 2 and plan 3 borrowers from inflation shocks. We increased the plan 2 repayment threshold twice—its first increases since 2021. We have future-proofed maintenance loans, and we will be reintroducing maintenance grants in 2028. We will continue to look for ways to make the system fairer for students, graduates and taxpayers.
My Lords, I do not want to add to the points made by the noble Lord, Lord Northbrook, and certainly not to the excellent case made by the noble Lord, Lord Burns—that is why I put my name to his amendment—except to say that we cannot continue as we are....
My Lords, I do not want to add to the points made by the noble Lord, Lord Northbrook, and certainly not to the excellent case made by the noble Lord, Lord Burns—that is why I put my name to his amendment—except to say that we cannot continue as we are....
My Lords—
My Lords—
My Lords, seven years ago, on 19 December 2017, I said in your Lordships’ House—and I apologise for quoting myself but there is a reason—that
“we all know that things cannot continue as they are. We number over 800 and rising … we have become not so much an embarrassment but,...
My Lords, seven years ago, on 19 December 2017, I said in your Lordships’ House—and I apologise for quoting myself but there is a reason—that
“we all know that things cannot continue as they are. We number over 800 and rising … we have become not so much an embarrassment but,...
My Lords, I thank the Minister for his clear and cogent explanation. I realise that these are very technical regulations to designate, for the purposes of non-domestic rates, an area in England, including for the admirable objectives that he described, such as in Cleveland. However, I want to press him...
My Lords, I thank the Minister for his clear and cogent explanation. I realise that these are very technical regulations to designate, for the purposes of non-domestic rates, an area in England, including for the admirable objectives that he described, such as in Cleveland. However, I want to press him...
My Lords, I very much agree with the noble Lord, Lord Moynihan, about the vital importance of sports clubs, and I ask the Minister to look favourably on his proposal.
Although the focus of the non-domestic rating Bill is relatively narrow—to reset the next revaluation of business rates to take account...
My Lords, I very much agree with the noble Lord, Lord Moynihan, about the vital importance of sports clubs, and I ask the Minister to look favourably on his proposal.
Although the focus of the non-domestic rating Bill is relatively narrow—to reset the next revaluation of business rates to take account...
My Lords, I shall speak to Amendment 22 standing in my name and that of the noble Lords, Lord Wigley and Lord Cormack, and the noble Baroness, Lady Finlay of Llandaff, to whom I am grateful.
Why this Bill? Is there a clamour from voters to change their constituencies? No. Do,...
My Lords, I shall speak to Amendment 22 standing in my name and that of the noble Lords, Lord Wigley and Lord Cormack, and the noble Baroness, Lady Finlay of Llandaff, to whom I am grateful.
Why this Bill? Is there a clamour from voters to change their constituencies? No. Do,...
My Lords, I thank the Minister for his moderate and reasoned response. However, I appeal to him again to look at Amendment 22. By the way, I have never favoured multi-member PR seats; I have always been in favour of the single member alternative vote system, which is fairer. I...
My Lords, I thank the Minister for his moderate and reasoned response. However, I appeal to him again to look at Amendment 22. By the way, I have never favoured multi-member PR seats; I have always been in favour of the single member alternative vote system, which is fairer. I...
Moved by
Lord Hain
14: Clause 5, page 4, line 31, at end insert—
“(2) Rule 3 of Schedule 2 to the 1986 Act (allocation of constituencies to parts of the United Kingdom) is amended in accordance with subsections (3) and (4).
(3) After rule 3(1) insert—
“(1A) The number of constituencies in Wales shall...
Moved by
Lord Hain
14: Clause 5, page 4, line 31, at end insert—
“(2) Rule 3 of Schedule 2 to the 1986 Act (allocation of constituencies to parts of the United Kingdom) is amended in accordance with subsections (3) and (4).
(3) After rule 3(1) insert—
“(1A) The number of constituencies in Wales shall...
My Lords, I thank all who have participated in the debate, beginning with my noble friend Lord Wigley, whose passion for Wales wins huge respect and affection not just in Wales but in your Lordships’ House.
My noble friend Lord Foulkes spoke eloquently about Scotland, but I think that he will...
My Lords, I thank all who have participated in the debate, beginning with my noble friend Lord Wigley, whose passion for Wales wins huge respect and affection not just in Wales but in your Lordships’ House.
My noble friend Lord Foulkes spoke eloquently about Scotland, but I think that he will...
I beg leave to withdraw the amendment.
I beg leave to withdraw the amendment.
My Lords I beg leave to move Amendment 14, in my name and those of my noble friend Lord Grocott and the noble Lords, Lord Wigley and Lord Rowe-Beddoe. I am especially grateful to my noble friend Lord Grocott for adding an English voice.
Since the Parliamentary Voting System and Constituencies...
My Lords I beg leave to move Amendment 14, in my name and those of my noble friend Lord Grocott and the noble Lords, Lord Wigley and Lord Rowe-Beddoe. I am especially grateful to my noble friend Lord Grocott for adding an English voice.
Since the Parliamentary Voting System and Constituencies...
My Lords, I agree with what the noble Baroness, Lady Jones, said about public interest in this particular issue. I also follow my noble friend Lord Foulkes in thanking the Minister, the public Bill staff, the Government Whips and the broadcast facility staff for their marathon effort and courtesy.
My Amendment...
My Lords, I agree with what the noble Baroness, Lady Jones, said about public interest in this particular issue. I also follow my noble friend Lord Foulkes in thanking the Minister, the public Bill staff, the Government Whips and the broadcast facility staff for their marathon effort and courtesy.
My Amendment...
My Lords, I thank the noble Baroness for her comments, specifically those on Amendment 212, standing in my name and that of my noble friend Lord Wigley, which seeks to
“provide for repatriation of the levy collected in the United Kingdom supply chain to the devolved administration of origin.”
The agricultural processing...
My Lords, I thank the noble Baroness for her comments, specifically those on Amendment 212, standing in my name and that of my noble friend Lord Wigley, which seeks to
“provide for repatriation of the levy collected in the United Kingdom supply chain to the devolved administration of origin.”
The agricultural processing...
My Lords, I wish to speak to Amendment 269 standing in my name and that of my noble friend Lord Wigley.
Brexit has returned significant powers to the UK Government to negotiate and agree international trade agreements with other nations. As a reserved power, it is the responsibility of the UK...
My Lords, I wish to speak to Amendment 269 standing in my name and that of my noble friend Lord Wigley.
Brexit has returned significant powers to the UK Government to negotiate and agree international trade agreements with other nations. As a reserved power, it is the responsibility of the UK...
My Lords, I echo the comments of the noble Lord, Lord Hodgson, who spoke with such authority. I wish to speak to my Amendments 164, 167 and 170, to Amendment 160 in the name of my noble friend Lady Jones of Whitchurch, and to Amendment 166 in the name of...
My Lords, I echo the comments of the noble Lord, Lord Hodgson, who spoke with such authority. I wish to speak to my Amendments 164, 167 and 170, to Amendment 160 in the name of my noble friend Lady Jones of Whitchurch, and to Amendment 166 in the name of...
My Lords, it is always a pleasure to speak after the noble Baroness, Lady McIntosh, who speaks with such authority and passion on these agricultural questions.
I wish to speak to my Amendment 175; I am grateful for the support of the noble Lord, Lord Cormack. The agricultural sector has always...
My Lords, it is always a pleasure to speak after the noble Baroness, Lady McIntosh, who speaks with such authority and passion on these agricultural questions.
I wish to speak to my Amendment 175; I am grateful for the support of the noble Lord, Lord Cormack. The agricultural sector has always...
My Lords, it is a pleasure to follow the noble and learned Lord, Lord Hope, who made some compelling arguments, especially about the devolved question. I endorse the points made by the noble Baroness, Lady Finlay of Llandaff, about Wales and the Welsh Government’s needs.
I wish to speak to Amendment...
My Lords, it is a pleasure to follow the noble and learned Lord, Lord Hope, who made some compelling arguments, especially about the devolved question. I endorse the points made by the noble Baroness, Lady Finlay of Llandaff, about Wales and the Welsh Government’s needs.
I wish to speak to Amendment...
Current UK company law prioritises the interests of company shareholders over those of anyone else with an interest in the company, such as employees, suppliers and subcontractors or local communities, but everyone involved in a firm in financial distress has something at stake, not just those in the boardroom or...
Current UK company law prioritises the interests of company shareholders over those of anyone else with an interest in the company, such as employees, suppliers and subcontractors or local communities, but everyone involved in a firm in financial distress has something at stake, not just those in the boardroom or...