An important policy announcement.
A Restore Britain Government will abolish interest on all student loans held by British nationals living in our country, including the removal of interest already accrued.
A party backing young British men and women.
https://t.co/xAOyIXjYqs
Millions of young British men and women are looking at the lives their parents were able to build and wondering whether they will ever have the same opportunities.
The answer for many is a resounding NO.
Buying a home has become vastly more difficult. Often impossible. Starting a family is increasingly expensive. Graduate jobs are fiercely competitive. Taxes are ludicrously high. Rent is outrageous. Public transport, particularly in London, is filthy and costs a bomb.
Modern Britain is not working for young Brits.
After encouraging millions of them to attend university, the state sends many of them into working life carrying enormous student loan balances. Then it charges them outrageous interest on top. Itโs a tax, a graduate tax.
It is a scam.
Restore Britain believes it is all fundamentally wrong. It is backwards.
Today we have announced, with a full policy document launch, that a Restore Britain Government will abolish interest on student loans for British nationals resident in the United Kingdom.
And importantly, our policy would apply not only to interest charged in the future, but also to interest already accrued.
We are not, YET, proposing that graduates shouldn't repay the cost of their education.
But government should not be making that mountain higher and higher through accumulated interest while our young people are trying to build their lives.
Every pound swallowed by that unnecessary debt servicing is money that cannot eventually go towards a house deposit, starting a business, raising children or building savings.
A fitting comparison for the wider country's debt, too.
This policy is part of something much bigger for Restore Britain.
Generational fairness.
We cannot leave young people a country in a worse state than the one handed to us.
That is why we have announced our newest policy.
Abolish student-loan interest.
Let repayments actually repay the debt.
Give young Brits a fighting chance to build something of their own.
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๐ Walkley (Sheffield)
๐ Avondale & Stonehouse (South Lanarkshire)
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