The private finance skilled Martin Lewis upbraided the chancellor, Rachel Reeves, for freezing the edge at which tens of millions of graduates repay their loans, saying that this was treating pupil money owed like tax. He was proper, and Ms Reeves’s defence final weekend made his case for him. She argued that her resolution would assist to fund a discount in affected person ready lists. However cash used to repay pupil loans can not concurrently fund public companies. In financial phrases, such prices are taxes in all however identify.
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