Jack Thomas
1.5K posts
Aaron Ramsey coup de grâce
Fabrizio Romano@FabrizioRomano
🚨 Aaron Ramsey has retired from professional football. 🏴
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We have been made aware of a distressing image doing the rounds today, suggesting Tottenham have beaten us 3-1.
This has clearly been photoshopped, and we will be taking this up with the relevant authorities.
Even we'd beat Spurs...
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@Kurt_Bimpson @dynllandeilo @GMB Absolutely. We were told at the time that it would be like the equivalent of paying a phone contract monthly and not too worry. My monthly repayment is nearly £400. Bloody expensive phone contract 🤪
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@dynllandeilo @GMB Teenagers not understanding the ramifications is a key aspect. These were not informed adults making these decisions
Anecdotally, adults at the time told students this debt would be very manageable and the interest was not presented as how it has ended up
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Georgia Pickford started her degree in September 2017 and borrowed a total of £64,000 to cover her undergraduate and masters degree. Her total debt is now £85,000 today.
This is despite making estimated repayments of £9,000 since she graduated.
She is joined by Labour MP Chris Curtis, who is himself £40,000 in debt, as they discus the need for the government to overhaul the student loan system.
@susannareid100 | @edballs
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Jack Thomas retweetledi
@ChrisLew300 @vicderbyshire 3.2% is the lowest the interest rate can currently be with Plan 2. I have provided that information and I’m on 6.2%. Maybe he’s got the right idea…
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@truthbetold1x @IGMansfield I completely agree that the Tories are wholly responsible for the situation we’re in. However the ‘do nothing’ approach, planned freeze until 2030 and subsequent increased repayments isn’t much of an alternative to what we’ve become use to under Tory Govs…
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@IGMansfield Tory student loans regime.
The Tories imposed ruinous interest rates.
The Tories imposed repeated freezes on the income threshold for payments. This means thousands of graduates have been dragged into making payments
It’s difficult to turn around 14 years of Tory failure
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The Government is feeling the heat.
It's past time to abolish real interest rates on Plan 2 loans.
edrith.co.uk/p/rage-rage-ag…
The i Paper@theipaper
Ministers are looking at changing the interest rate or repayment threshold on student loans to defuse graduates’ growing anger over spiralling student debts 🔴 Exclusive from @whazell ➡️ Read more: trib.al/SxhvDbH
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@Ben_said_it @SaulStaniforth @bphillipsonMP Yes I’m impacted by the freeze and don’t agree with it. However you said the Tories didn’t freeze the thresholds which is untrue.
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#bbclaurakk on student debt "This is not a tolerable situation, is it"
Phillipson "it is really difficult"
"you've made it harder"
"no"
Phillipson later admits the govt is freezing the thresholds & they don't have any plans to help graduates but its all the Tories fault
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@SaulStaniforth The tories didn't freeze the thresholds
If the thresholds weren't frozen this wouldn't be an issue
But labour are thieves and should stand trial for theft.
@bphillipsonMP
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Yes, I called the Swedish government’s economic plan “Spursy.” And before anyone starts again: No, that does not mean I’m an Arsenal fan. I support AIK Fotboll. But the Swedish government’s economic plan still performs like Tottenham.
ESPN UK@ESPNUK
A Swedish politician has said that the key to getting their economy back on track is by being less 'Spursy' 😳 🗣️ "I naturally think of Tottenham Hotspur, also known as Spurs. It is one of England's most distinguished clubs. A rich club with an enormous stadium. Everything to be considered a top team. Despite this, Tottenham find themselves in crisis, fighting at the bottom of the table. The club have been given the name 'Spursy' [which is] when you have opportunities but get no results. Madame Speaker, that is precisely how the Minister of Finance is handling the Swedish economy. The government risks making Sweden 'Spursy'. That won't do. Sweden cannot perform like Tottenham."
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Jack Thomas retweetledi
Jack Thomas retweetledi
@implausibleblog “Student loan repayment thresholds frozen will take more money off young people” 😒
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Are Muslims allowed to accept cookies from a website during ramadan?
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@torysc_mout Very true. I worked out that using my 2022 salary, I’d have paid it off in 18 years including the interest or 10 years without interest so I’ve thrown my savings at it over the past 3 years. As you say it’s depressing.
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@JackThomasE4 It’s lower than min wage. I’ll probably repay mine at some point but this will probably cost me £20k instead of £10k.
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It’s worse for me because I have a postgraduate aka plan 3 loan as well. Depressing.
Your Accountant@TJiMTS
Plan 2 student loan: 9% on everything above £27,295. Plan 5: 9% above £25,000. On top of income tax and NI, a graduate earning above £50,270 pays a 51% marginal rate. A graduate earning £60,000 takes home the same as someone without a degree on £54,925. We've created a £5,075 tax on education.
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Jack Thomas retweetledi
If he had a plan 2 student loan on this salary he probably wouldn’t be making enough to pay off the interest to be fair.
Paul Lewis@paullewismoney
New chair of Student Loans Company paid less than many graduates owe! bit.ly/4ao9Ki0 I wonder if his pay will rise by 6.2% a year?
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@alex_schmalex99 @AJNewbury94 I don’t think it’s possible. I’ve looked over the statements since I started working full time post-uni in 2018. As I say I can’t afford more than I’m already paying. The numbers speak for themself. One might as well see how high they can go…
April 2019: £59,686
Today: £92,331
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@JackThomasE4 @AJNewbury94 Ouch. Is paying it off even possible?
If the government want teachers to have degrees, presumably plus PGCE, they need to either pay a salary that accounts for the massive debt this will accrue or cover that debt.
The same for all 'social good' roles that require degrees.
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Just one of a million examples of how utterly ridiculous the student loan repayments system is.
If this was happening to any other generation it would rightly be seen as a national scandal.
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