No corráis a las gasolineras porque no van a bajar los precios hasta junio, porque te dirán que compraron lo almacenado a un precio carísimo mientras el día 1 del conflicto te suben los precios de un combustible comprado hace meses….
I was told “borrow money to go to university and you can repay what you owe once you start earning enough”.
Not “go to university and later we will feel free to seize as much of your income as we decide to fund the state’s other spending commitments”.
The problem with @KemiBadenoch proposal to cut Plan 2 loans interest rates is it is too late for most. While I've long campaigned against above inflation interest rates on student loans, so much interest has already been added to people's accounts that cutting it now, while psychologically appealing, won't reduce by a penny the amount lower and middle earning graduates repay.
While it would be nice to do, assuming they're not planning to spend unlimited funds, or say reduce the actual debt owed, in my view a far better use of the same funds would be to massively increase the repayment threshold (the opposite of what @RachelReevesMP is doing with the disgraceful and damaging freezing of the threshold).
Plan 2 loans were always set up so that most would not repay in full over the 30 years before it wipes. For them it works like a hefty 9% additional tax above the repayment threshold (though psychologically it's a nightmare for many to see the interest grow and grow even if they won't pay it).
The only people who would financially benefit from lowering interest rates to inflation at this point, would be those who earn enough to clear what they owe in the 30 years before the debt wipes. Currently that's predicted to be only the highest earning (or lowest borrowing) 20% to 30% of graduates, but with lower interest maybe it'd be 30% or 40%.
For the rest, the bulk of lower and middle earning graduates, lowering interest rates won't help. They'll still repay the same for the next 30 years.
Yet if you used the same money to increase the threshold so repayments were say 9% of everything above £40,000 (and index link that) rather than the current £28,400. Graduates would have up to £1,000/yr more disposable income each year.
Plus this way many of those who didn't get a graduate premium (ie financially benefitted from their degrees) wouldnt be paying.
UK supermarket price of £7.10 for 750g of beef mince.
The average price per kilo of beef mince in the UK has increased by 37.1% year-on-year.
Farmers getting pittance from the supermarkets for food supply. Consumers getting ripped off by supermarkets for food purchases.
The student loan scandal - interest on loans is more than the repayments for many on Plan 2 so debt grows trapping them with extra 9% income tax for up to 30 years https://t.co/1kw8ZC6Efi £15.2 billion interest added to student loans last year, only £5 billion repaid.
Underrated life advice: Build momentum early in the day. One small win in the morning creates energy that compounds throughout the day. Ten minutes of writing. A quick workout. A finished task. Great days are built on tiny wins that spark ripples. Small things become big things.
once u stop fantasizing about an ideal version of urself & start working towards it by setting ur alarm clock earlier, working out, reading & stop procrastinating you'll realise that it was so easy all along. ur ideal self will only ever exist in ur mind until u make the decision
The path our generation is walking is dangerous. Too many teenagers waste their time scrolling, drinking, partying, showing no respect for their parents, no discipline, no drive. I understand you’re young, you think you have time. But time runs out.
If you’re going to do it, then do it. If you can’t, then don’t claim you can. Don’t over promise. Don’t over leverage your choices. Discipline is not just action it’s honesty with yourself.