Paul Blomfield
Main Page: Paul Blomfield (Labour - Sheffield Central)Department Debates - View all Paul Blomfield's debates with the Department for Education
(9 years, 2 months ago)
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Vince Cable
I gather that senior politicians, including me, have been queuing to go down into Crossrail to admire its progress. One of Crossrail’s key achievements is to substantially advance apprenticeships and, above all, UK content; there is a wide distribution throughout the UK. If we can replicate the experience of Crossrail with other big infrastructure projects, that would be an admirable step forward.
Student Loans
Paul Blomfield (Sheffield Central) (Lab)
6. What assessment he has made of the sustainability of the student loan system.
The Minister for Universities, Science and Cities (Greg Clark)
More students entered university this year than ever before in our history, with the biggest rise coming from the poorest areas. Universities will see their teaching resources grow from around £8 billion in 2011 to around £10 billion next year. Graduates are earning 40% more than non-graduates. The taxpayer gets £300,000 extra in tax receipts alone over the average graduate’s career. All this is why the OECD said last month:
“England has got it right on paying for higher education. Among all available approaches, the UK offers still the most…sustainable approach to university finance.”
Paul Blomfield
In a recent parliamentary debate, the Minister’s predecessor, the right hon. Member for Havant (Mr Willetts), who I am delighted to see in his place, said that the system needed some tweaking. The public need to know what tweaking the Government have in mind. If the Conservatives are in power after the election—[Interruption.] I know it is unlikely but if that is the case will the Minister guarantee that there will be no increase in the fee cap, no decrease in the loan repayment threshold and no change in the interest rate on loans?
Greg Clark
Our universities need to benefit from the confidence and stability that our reforms have introduced. I am perfectly happy with all the arrangements that we have. The uncertainty comes from the Labour party’s proposals, about which the university vice-chancellors are deeply concerned. They said that they would mean
“cuts to universities that would damage the economy, affect the quality of students’ education, and set back work on widening access to higher education”.
At a time when confidence is needed, the Labour party is proposing chaos.