Watthew
4K posts

Watthew
@WattRloydLuck
love to help get stuff built @hectorbellerin stan account
Tranquility Base, The Moon Katılım Ocak 2011
1K Takip Edilen244 Takipçiler
Sabitlenmiş Tweet
Watthew retweetledi
Watthew retweetledi
Watthew retweetledi

The problem with @KemiBadenoch proposal to cut Plan 2 loans interest rates is it is too late for most. While I've long campaigned against above inflation interest rates on student loans, so much interest has already been added to people's accounts that cutting it now, while psychologically appealing, won't reduce by a penny the amount lower and middle earning graduates repay.
While it would be nice to do, assuming they're not planning to spend unlimited funds, or say reduce the actual debt owed, in my view a far better use of the same funds would be to massively increase the repayment threshold (the opposite of what @RachelReevesMP is doing with the disgraceful and damaging freezing of the threshold).
Plan 2 loans were always set up so that most would not repay in full over the 30 years before it wipes. For them it works like a hefty 9% additional tax above the repayment threshold (though psychologically it's a nightmare for many to see the interest grow and grow even if they won't pay it).
The only people who would financially benefit from lowering interest rates to inflation at this point, would be those who earn enough to clear what they owe in the 30 years before the debt wipes. Currently that's predicted to be only the highest earning (or lowest borrowing) 20% to 30% of graduates, but with lower interest maybe it'd be 30% or 40%.
For the rest, the bulk of lower and middle earning graduates, lowering interest rates won't help. They'll still repay the same for the next 30 years.
Yet if you used the same money to increase the threshold so repayments were say 9% of everything above £40,000 (and index link that) rather than the current £28,400. Graduates would have up to £1,000/yr more disposable income each year.
Plus this way many of those who didn't get a graduate premium (ie financially benefitted from their degrees) wouldnt be paying.
English
Watthew retweetledi
Watthew retweetledi

I left university in 2019 with £49,600 of debt. A few months later, I became an MP and have since received a salary that puts me in the top 5% in the country. 6 years on, the repayments from my salary have brought this total to down to £48,600 - just £1,000 less.
This isn't an issue for me - I give away a big chunk of my salary anyway - but if MPs are barely making a dent in their student loan debt after 6 years of repayments, what chance do other graduates have?
Shehab Khan@ShehabKhan
I left uni around 10 years ago with a debt of £45,000. After 10 years of continual payments adding up to thousands and thousands of pounds my debt is...£45,500. My peers with rich parents who could afford the fees upfront won't be paying 9% of their salary for 30 years.
English
Watthew retweetledi

Watthew retweetledi

Watthew retweetledi

Thomas Partey charged with five counts of rape and one count of sexual assault. Developing story on @BBCNews bbc.co.uk/news/articles/…
English

@LewisSteele_ Jesus Christ Lewis, you get paid to talk about football for a living and then you churn out knee jerk horseshit like this?
English
Watthew retweetledi

Plans in for Dalston’s Kingsland Shopping Centre.
Proposals in essence, seek to replace the area shaded in red with 254 new homes and landscaping improvements.
constructing-london.com/dalston-kingsl…


English
Watthew retweetledi

Are you searching for a differential? 🕵️
With players from Liverpool, Newcastle, Crystal Palace and Aston Villa missing in BGW29, our #FPL experts select their best low-owned picks to help you fill the void 👇
English
Watthew retweetledi
Watthew retweetledi

If you wanted to know where football has its priorities right now, there is more outrage about a footballers sexuality than there is about others who have committed rape, sexual assault & domestic violence.
They will be more widely accepted than Jakub Jankto - think about that.
Actualité - Serie A@ActualiteSerieA
🔴🔵 Jakub Jankto, le seul joueur de Serie A à avoir fait son Coming-Out 🏳️🌈🫶🏻
English

@LewisSteele_ It may also allow Arsenal to creep it back to a 4 point gap, tho. Funny how a couple weeks can change things.
English
Watthew retweetledi

gillian anderson you are so chic and cunty i love you.
xcxshake@xcxshake
Gillian Anderson has written a paragraph on Charli xcx for Financial Times: “Charli has a clarity of vision and an unashamed audacity to act upon it. Throughout her genre-defying music career, she has shunned labels and customs in favour of staying true to herself.”
English
Watthew retweetledi








