On my @LBC show last night, NHS nurse Elliot with £100,000 in student debt - who says he’d have to be earning £80,000 a year just to keep pace with the interest he owes. He accrued extra interest during the pandemic because he took time out of studying to help with the Covid response.
And Kieran, a young solicitor who calculated that he’ll have to pay a total of £250,000 on a initial loan of less than £30,000 because the interest keeps going up and up. He pays back £3,500 a year, of which £3,200 is just interest. But his wealthier friends don’t pay a penny because their parents just paid their uni fees for them outright.
“Fair”, @RachelReevesMP? In what world?
🚨 SUMMARY: What happened with "Your Party" today:
- At 11:11, Zarah Sultana posted a link to sign up for "Your Party" membership. The link is on a different domain from what was previously used on other "Your Party" communications
- The membership fees are £5 a month or £55 a year for regular, or £2.50 a month or £25 annually for concessions
- This was followed by an email to subscribers at 11:17
- Sultana claims that "Your Party" had reached 20,000 members at 13:30
- Jeremy Corbyn and four other MPs released a statement at 14:07, urging supporters not to sign up, cancel direct debits if they have, and stating they are seeking legal advice. Zarah Sultana's name was left off the letter
- Corbyn then also emailed members shortly after with the statement
- PoliticsHome then reported that a "formal split" in Your Party now seems "inevitable", according to several sources
- Zarah Sultana hit back at 14:44, branding "Your Party" as a "sexist boys club", and admits she did not have permission from Corbyn to launch paid memberships earlier. She has now asked Corbyn to meet with her