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49845
registered interest false more like this
date less than 2014-05-06more like thismore than 2014-05-06
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what is (1) the total sum, and (2) the percentage, of student loans that have been written off as bad debt. more like this
tabling member printed
Lord Barnett more like this
uin HL6849 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-05-14more like thismore than 2014-05-14
answer text <p>Information on the repayment status of student loans is available in the Student Loans Company (SLC) publication<em>‘Student Loans for Higher Education in England, Financial Year 2012-13'</em>.</p><p> </p><p>The Amount of Total Public Debt outstanding (including loans not yet due for repayment) at the start of Financial Year 2012-13 including interest was <strong>£40,271.5m</strong>, rising to <strong>£46,590.4m</strong> by the end of Financial Year 2012-13.</p><p> </p><p>The amount of debt written off or cancelled during the Financial Year 2012-13 was <strong>£27.0m</strong>. This figure is <strong>0.07%</strong> of the Total Public Debt outstanding at the start of Financial Year 2012-13 and <strong>0.06%</strong> of the Total Public Debt outstanding at the end of Financial Year 2012-13.</p><p> </p><p>Write offs occur for policy reasons; when borrowers die, become permanently disabled or when their loan reaches age thresholds. An estimate of ‘bad debt' has not been provided in the answer as there is no standard definition for this.</p><p> </p><p>Statistics referring to the Financial Year 2013-14 will be published in June 2014.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p>
answering member printed Lord Ahmad of Wimbledon remove filter
question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
answering member
4210
label Biography information for Lord Ahmad of Wimbledon more like this
tabling member
1018
label Biography information for Lord Barnett more like this
49847
registered interest false more like this
date less than 2014-05-06more like thismore than 2014-05-06
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what is the amount of student loan debt still available for sale, including the first tranche referred to. more like this
tabling member printed
Lord Barnett more like this
uin HL6850 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-05-14more like thismore than 2014-05-14
answer text <p>The total amount of pre-2012 income contingent repayment student loan debt that Government intends to sell has not yet been determined. However, over a five year period, as announced at Autumn Statement 2013, sales are expected to generate between £10 billion and £15 billion in revenues, with a central estimate of around £12 billion.</p> more like this
answering member printed Lord Ahmad of Wimbledon remove filter
question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
answering member
4210
label Biography information for Lord Ahmad of Wimbledon more like this
tabling member
1018
label Biography information for Lord Barnett more like this
49849
registered interest false more like this
date less than 2014-05-06more like thismore than 2014-05-06
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Answer by Lord Ahmad of Wimbledon on 9 April (WA 302), what are the current terms of income contingent repayment loans. more like this
tabling member printed
Lord Barnett more like this
uin HL6851 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-05-14more like thismore than 2014-05-14
answer text <p>The Education (Student Loans) (Repayment) Regulations set out the terms and conditions of income contingent student loans. This is also set out in the booklet <em>Student Loans – a Guide to Terms and Conditions</em>, the latest copy of which can be accessed at http://www.sfengland.slc.co.uk/media/666045/sfe_t_c_guide_1415_d.pdf . Students are informed at the time of taking out their student loan that the regulations may change from time to time and this means that the terms of their loan may also change.</p> more like this
answering member printed Lord Ahmad of Wimbledon remove filter
question first answered
less than 2014-05-14T12:00:00.00Zmore like thismore than 2014-05-14T12:00:00.00Z
answering member
4210
label Biography information for Lord Ahmad of Wimbledon more like this
tabling member
1018
label Biography information for Lord Barnett more like this
45969
registered interest false more like this
date less than 2014-03-31more like thismore than 2014-03-31
answering body
Department for Culture Media and Sport more like this
answering dept id 10 more like this
answering dept short name Culture, Media and Sport more like this
answering dept sort name Culture, Media and Sport more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, in the light of their announcement in July 2013 that the consultation on caste legislation was expected in February or March 2014, why it has not yet been issued. more like this
tabling member printed
Lord Avebury more like this
uin HL6447 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-05-02more like thismore than 2014-05-02
answer text <p>The Government is currently considering two issues which have developed and which have potential implications for the consultation.</p><p>In February, the Equality and Human Rights Commission (EHRC) published helpful research designed to inform the introduction of new legislation on caste, as outlined in the July 2013 announcement. However, that announcement said: ‘<em>...work will also be undertaken to determine information about the extent of caste discrimination in Britain that can be used as a comparative baseline for any future consideration of the effectiveness of caste legislation.'</em></p><p>We had intended to reflect consideration of this work in the public consultation process. However, further discussions between Government and the EHRC about the research needed for it have revealed concerns that not only might this be difficult to commission successfully, but it could be seen as intrusive and might have an adverse effect on good relations in the relevant communities. We are therefore considering how best to proceed with the consultation in the light of this.</p><p>Another recent development is the judgment in the Employment Tribunal case of <em>Tirkey v Chandok</em> which concluded that there is already legal protection against caste discrimination through the race provisions of the Equality Act 2010. We need to review recent case law to consider whether and how it may affect the way in which we implement the legislation.</p><p>We would expect the public consultation document, including our conclusions on these matters, to issue in the Autumn.</p><p> </p>
answering member printed Lord Ahmad of Wimbledon remove filter
question first answered
less than 2014-05-02T12:00:00.00Zmore like thismore than 2014-05-02T12:00:00.00Z
answering member
4210
label Biography information for Lord Ahmad of Wimbledon more like this
tabling member
1665
label Biography information for Lord Avebury more like this