Written question asked by Lord Davies of Oldham , in the House of Commons. It was due for an answer on Tuesday, 3 December 1996. It was answered by Eric Forth (Conservative) on Tuesday, 3 December 1996 on behalf of the Department for Education and Employment.

Dept for Education and Employment

Question: What is the expected total income from the sale of student loan debt; and what is the estimated effect on the PSBR in (a) 1997-98, (b) 1998-99 and (c) 1999-2000. - Includes fact that the effect on the public sector borrowing requirement and the exact quantum sold will depend on the final structure of the sale.

Answer: Mr. Bryan Davies: To ask the Secretary of State for Education and Employment what is the expected total income from the sale of student loan debt; and what is the estimated effect on public sector borrowing requirement in (a) 1997-98, (b) 1998-99 and (c) 1999-2000. [7133] Mr. Forth: The total income is dependent on the outcome of the forthcoming competition and negotiations. The Government's plans assume that some £1,500 million of debt will be sold in each of the three years. The effect on the public sector borrowing requirement and the exact quantum sold will depend on the final structure of the sale.

Secondary information