The Resource Accounting Budget charge, which is the government subsidy anticipated on student loans issued in any particular financial year, is calculated as the present value of student loan outlay less expected future repayments, in accordance with relevant International Financial Reporting Standards and guidance from HMT\u2019s Government Financial Reporting Manual (FReM).<\/p>
<\/p>
The FReM requires future repayments of student loans to be discounted at the higher of the intrinsic rate of the financial instrument and the real financial instrument discount rate set by HMT, based on analysis of real yields on UK index linked gilts and are specifically appropriate to central government.<\/p>
<\/p>
The FReM is kept under constant review. It is updated to reflect developments in relevant standards and best practice.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3969", "label" : {"_value" : "Biography information for Damian Hinds"} } , "answeringMemberConstituency" : {"_value" : "East Hampshire"} , "answeringMemberPrinted" : {"_value" : "Damian Hinds"} , "dateOfAnswer" : {"_value" : "2024-05-24", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-05-24T10:39:37.977Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2024-05-21", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Students: Loans"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Education, for what reasons the discount rate used to calculate the Resource Accounting and Budgeting charge on student loans is different to the rate used for general policy appraisal.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4679", "label" : {"_value" : "Biography information for Neil O'Brien"} } , "tablingMemberConstituency" : {"_value" : "Harborough"} , "tablingMemberPrinted" : [{"_value" : "Neil O'Brien"} ], "uin" : "27501"} , {"_about" : "http://data.parliament.uk/resources/1697404", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1697404/answer", "answerText" : {"_value" : "
The job titles for everyone working in the Human Resources & Transformation Directorate are as follows:<\/p>
Every department across government has a responsibility for equalities. Under the Public Sector Equality Duty (PSED), all public authorities, including government departments, are required by law to ensure that they have due regard to certain equality considerations when carrying out their functions. The government is auditing the cost-effectiveness of all equality, diversity and inclusion (EDI) activities, through the review of EDI spending announced last June, to ensure value for money for taxpayers.<\/p>
The Minister for the Cabinet Office will be outlining the final proposals in response to the review in due course. As at the end of February 2024 there were 156 people working in the department\u2019s Human Resources and Transformation Directorate. The PSED team is not part of the department\u2019s Human Resources and Transformation Directorate.<\/p>
The \u2018general duty\u2019 of the PSED is in Section 149 of the Equality Act 2010 and requires public authorities in England, Scotland and Wales to give due regard to certain equality considerations when carrying out their functions.The department's PSED team sits within the department's central Strategy Group and ensures that the department is compliant with Section 149 of the Equality Act 2010. The PSED team is resourced by 0.8 FTE. In addition, the department, through the PSED team, has a model of maintaining dispersed capacity across the department to comply with its duties.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/3969", "label" : {"_value" : "Biography information for Damian Hinds"} } , "answeringMemberConstituency" : {"_value" : "East Hampshire"} , "answeringMemberPrinted" : {"_value" : "Damian Hinds"} , "dateOfAnswer" : {"_value" : "2024-03-19", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-03-19T16:51:08.93Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "60"} , "answeringDeptShortName" : {"_value" : "Education"} , "answeringDeptSortName" : {"_value" : "Education"} , "date" : {"_value" : "2024-03-13", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Department for Education: Staff"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Secretary of State for Education, how many people work in her Department's (a) Human Resources and Transformation Directorate and (b) Public Sector Equality Duty (PSED) team; and whether the PSED team is part of the Human Resources and Transformation Directorate.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4679", "label" : {"_value" : "Biography information for Neil O'Brien"} } , "tablingMemberConstituency" : {"_value" : "Harborough"} , "tablingMemberPrinted" : [{"_value" : "Neil O'Brien"} ], "uin" : "18601"} , {"_about" : "http://data.parliament.uk/resources/1693454", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1693454/answer", "answerText" : {"_value" : "
The Higher Education Statistics Agency (HESA), now part of Jisc, collects and publishes data on student qualifications across all UK higher education providers, including data on degree classifications. Counts of first degree qualifications by class of degree for academic years 2006/07 to 2021/22 are published in Chart 9 of HESA\u2019s Student Data, which is available at: https://www.hesa.ac.uk/data-and-analysis/students/chart-9<\/a>.<\/p> <\/p> The data includes students studying for first degree qualifications and excludes students who qualified with an unclassified first degree (mainly including degrees that do not have a classification, such as Medicine).<\/p> <\/p> Counts for academic years 1994/95 to 2005/06 can be found in HESA\u2019s publication archive, and can be accessed for the relevant years via the links below:<\/p> <\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3985", "label" : {"_value" : "Biography information for Robert Halfon"}
}
, "answeringMemberConstituency" : {"_value" : "Harlow"}
, "answeringMemberPrinted" : {"_value" : "Robert Halfon"}
, "dateOfAnswer" : {"_value" : "2024-03-11", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-03-11T14:40:09.123Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "60"}
, "answeringDeptShortName" : {"_value" : "Education"}
, "answeringDeptSortName" : {"_value" : "Education"}
, "date" : {"_value" : "2024-03-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Degrees"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Education, what proportion of degrees were awarded at first class in each year since 1994.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4679", "label" : {"_value" : "Biography information for Neil O'Brien"}
}
, "tablingMemberConstituency" : {"_value" : "Harborough"}
, "tablingMemberPrinted" : [{"_value" : "Neil O'Brien"}
], "uin" : "16870"}
, {"_about" : "http://data.parliament.uk/resources/1693455", "AnsweringBody" : [{"_value" : "Department for Education"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1693455/answer", "answerText" : {"_value" : " The department produces two average point score measures at GCSE, Average Attainment 8 and Average Ebacc APS. Average Attainment 8 was first introduced to all schools in the 2015/16 academic year, and Average Ebacc APS was first introduced in the 2017/18 academic year. More information can be found in the Secondary accountability measures guide here: https://www.gov.uk/government/publications/progress-8-school-performance-measure<\/a>. The data can be found at the following links:<\/p> <\/p> <\/p> <\/p> Figures are based on pupils at the end of key stage 4 who attended state-funded schools in England.<\/p> <\/p> The A level average point score (APS) for each local authority in England, including number of students and average grade from 2014/15 to 2022/23, are available from the links below.<\/p> <\/p> Prior to that, APS data for local authorities covered all level 3 qualifications (A levels, but also other level 3 academic and vocational qualifications) where links are provided for the 2009/10 to 2013/14 academic years.<\/p> <\/p> All figures are based on students at the end of 16-18 study who attended state-funded schools and colleges in England.<\/p> <\/p> Note that APS data for the 2015/16 to 2022/23 academic years for A levels is on a scale of 0-60, where a grade A* is given 60 points and a grade E is 10 points. APS data for the 2009/10 to 2014/15 academic years uses an older QCDA points scale where A level grades are on the scale 0-300, where a grade A* is 300 points and a grade E is 150 points. Vocational qualification grades are scaled 0-270.<\/p> <\/p> 2014/15 - 2022/23 data: A level APS per entry and grade:<\/strong><\/p> 2009/10 to 2013/14: Level 3 APS per entry:<\/strong><\/p> Every department across government has a responsibility for equalities. The Human Resources and Transformation Directorate is responsible for equalities in the Department for Education. The department also has a Public Sector Equality Duty (PSED) team who can provide colleagues with advice on equalities-related issues. Under the PSED, all public authorities, including government departments, are required by law to ensure that they have due regard to certain equality considerations when carrying out their functions.<\/p> <\/p> The government is auditing the cost-effectiveness of all equality, diversity and inclusion (EDI) activities, through the review of EDI spending announced last June, to ensure value for money for taxpayers. The Minister for Cabinet Office will be outlining the final proposals in response to the review in due course.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/3969", "label" : {"_value" : "Biography information for Damian Hinds"}
}
, "answeringMemberConstituency" : {"_value" : "East Hampshire"}
, "answeringMemberPrinted" : {"_value" : "Damian Hinds"}
, "dateOfAnswer" : {"_value" : "2024-03-13", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2024-03-13T11:36:32.603Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "60"}
, "answeringDeptShortName" : {"_value" : "Education"}
, "answeringDeptSortName" : {"_value" : "Education"}
, "date" : {"_value" : "2024-03-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Department for Education: Equality"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Secretary of State for Education, which unit in her Department is responsible for equalities.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4679", "label" : {"_value" : "Biography information for Neil O'Brien"}
}
, "tablingMemberConstituency" : {"_value" : "Harborough"}
, "tablingMemberPrinted" : [{"_value" : "Neil O'Brien"}
], "uin" : "17023"}
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