Liam Byrne – 2014 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Liam Byrne on 2014-03-31.

To ask the Secretary of State for Business, Innovation and Skills, what estimate he has made of the effect on his Department’s total resource Departmental Expenditure Limits of the revised guidance on revaluation of student loan impairments in each of the next three years.

Mr David Willetts

Student Loan repayments are managed annually under government budgeting rules and any changes, for whatever reason, in forecast repayments, are considered as part of the Parliamentary Supply Process.

Additional Supply was agreed between this Department and HM Treasury, and approved by Parliament as part of the 2013-14 Supplementary Estimates process.