Hannah Bardell – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Hannah Bardell on 2016-04-08.

To ask Mr Chancellor of the Exchequer, whether the change to the discount rate applied to student loans applies to all parts of the UK.

Greg Hands

The Department for Business, Innovation and Skills (BIS) applies HM Treasury’s long term discount rate to calculate the carrying value of English student loans shown in the BIS financial statements.

Loans issued by devolved administrations are shown in their respective financial statements. The accounting treatment and discount rates applied are a matter for them.

HM Treasury is always open to discussion with the devolved administrations about such matters.