Student loan sale U-turn 'likely to cost £12bn'

By Patrick Wintour. Decision to abandon sell-off will also require review of public finances, according to the Office for Budget Responsibility. The decision to abandon the sale of the student loan book is likely to cost the government £12bn over the next five years and will require a review of the public finances, Graham Parker, the Office for Budget Responsibility (OBR), told the Treasury Select Committee on Tuesday. More...