Student Loans

Kevin Bonavia Excerpts

Wednesday 18th March 2026 Commons Chamber

[Kevin Bonavia (Stevenage) (Lab)]

This Opposition debate brings to mind the old proverb that the best time to plant a tree is 20 years ago, and the second-best time is today. During this debate, we have heard from Opposition Members who were part of the Government who planted that tree and proceeded to do absolutely nothing while it grew wildly out of control, until today apparently. I will come on to their motion. Whether those Opposition Members are Conservatives, Liberal Democrats—whose leader was a Minister in the coalition Government—or Reform, which is starting to look the part of a 2019 Tory tribute act, it is down to them, because they planted that tree.

That irony is not lost on me, and graduates in Stevenage and across this country understand that context all too well. Graduates face interest rates that begin accumulating from their first day of study. They see their loan balances rising even as they make repayments year after year, and they tell us time and again that the situation feels hopeless. They shape real decisions about work, housing and family life. They affect the very people powering our economy, raising the next generation and driving the growth that this Government are creating. Some Opposition Members have the audacity to look at this misshapen, neglected tree and ask why it offers so little shade to the graduates standing beneath it.

This Labour Government have taken on the task of fixing 14 years of mistakes and failures with the commitment and energy that is required. As Full Fact’s manifesto tracker has confirmed, two thirds of our pledges are either already delivered or on track—far more than can be said for the previous Government. One of the key missions in the manifesto on which I stood was to remove barriers to opportunity for our young people. Millions of our young people did everything we asked of them—they studied, they trained and they invested in their futures. They kept their part of the bargain, and they deserve a Labour Government who support them, rather than a Government who quietly undermine their ambitions, as happened for so many years.

[Wendy Morton (Aldridge-Brownhills) (Con)]

I am probably one of the very few people in this House who benefited from not going to university—I did Open University later, so luckily I did not have a student loan, and I am probably a little on the old side as well. However, there is something fundamentally unfair about the Government’s policy. Does the hon. Gentleman not accept that the young people who he talks about so passionately are being penalised by his party? He has talked about track records, so can he explain why youth unemployment is going up under this Labour Government?

[Kevin Bonavia]

I thank the hon. Lady for her intervention. [Hon. Members: “Right honourable.”] Yes, right honourable —I remember her time as Chief Whip. Like her, I did not have the burdens that people who went to university after me had to face, so I am very conscious of my responsibility to those generations and the generations to come. I am glad that the right hon. Lady has raised the issue of young people, because this Government recognise the extra pressures that young people face. That is why we are taking measures to help those who are feeling the pressures of the cost of living, whether on transport, childcare, or so many other things. We are helping our younger people and looking at how we support our students into the future—we are bringing back the maintenance grants that I benefited from all those years ago.

[Graham Stuart]

Will the hon. Gentleman give way?

[Kevin Bonavia]

One more time.

[Graham Stuart]

The hon. Gentleman said that the Government are helping young people, and mentioned transport. Bus fares have gone up by 50%, from £2 to £3; for somebody who travels every day to work and back, that is £500 a year out of taxed income. That is not helping. Fuel duty is going to go up in September—that is not helping. The cost of heating oil is going through the roof, and there is going to be nothing for anyone who goes to work—that is not helping either. Can the hon. Gentleman start to look at the reality of what is happening? It is not good for young people, and unemployment among young people is going up, not down.

[Kevin Bonavia]

I respectfully disagree with the right hon. Gentleman. He took me to task on transport; I come from a constituency where we desperately need more bus services. That is why we now have the Bus Services Act 2025, which I believe he would probably have voted against. We are making a difference for young people, and indeed all people who need to use those services.

The greatest responsibility we owe to the generations that will come after us is providing them with opportunities and lifting them up, not holding them back. We need to look at the tough issues and find answers to them. What the Opposition have tabled today is a motion that suggests that they can fix their own broken plan 2 loan system by

“controlling the number of places on university courses where the benefits are significantly outweighed by the cost to graduates and taxpayers.”

How on earth are they going to find out what those courses are? The shadow Secretary of State, the right hon. Member for Sevenoaks (Laura Trott), plucked some of them from the air—“Oh, we’re not sure about some of these creative arts courses.” How is she going to evaluate that? Are we going to have a commission? Is the party of the free market going to control the market? How is it going to do that?

[Several hon. Members rose—]

[Kevin Bonavia]

I am afraid that I will not give way, because I want to explore this a bit further.

The Opposition really have not thought this motion through at all. Are they going to have a commission saying, “We have worked out that this degree is going to produce this value”? How is that going to affect the economy at a time when we perhaps need more creative degrees? How is this all going to work? There will be more bureaucracy and more costs, and the price is going to be paid by our young people who cannot choose their own futures. That is what would happen if this really misguided motion were implemented. This plan is not even half-baked—it is as oven-ready as Boris Johnson’s pathetic Brexit deal, which this Government are trying to fix.

We cannot change the moment when the tree was planted by Opposition parties, but we can tend that tree now. I have full faith that this Labour Government will do just that.

Royal Assent

[Madam Deputy Speaker (Judith Cummins)]

I have to notify the House, in accordance with the Royal Assent Act 1967, that His Majesty has signified his Royal Assent to the following Acts:

Supply and Appropriation (Anticipation and Adjustments) Act 2026

Finance Act 2026

House of Lords (Hereditary Peers) Act 2026

Universal Credit (Removal of Two Child Limit) Act 2026

Industry and Exports (Financial Assistance) Act 2026.