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The Latest Breaking News from IFS

The huge interest rate rise for student loans explained

The "brutal" interest rate rise could deter those from less well of backgrounds from going to university, warned the National Union of Students

Wales Online

What it means for you as student loan interest rates set to soar

The maximum interest rate is set to rise to a staggering 12% for half a year for the highest earners

Liverpool Echo

Student loan interest rates set to soar - what the changes mean for your repayments

The maximum interest rate is set to rise to a staggering 12 per cent for half a year for the highest earners

Manchester Evening News

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Graduates to be hit with ‘brutal’ student loan interest rates of up to 12%

Most recent graduates in England and Wales will be charged 9% from September amid rising retail prices index

The Guardian - UK

Student loan interest rates: What rise means for you

Anyone who has taken out a loan since 2012 could end up paying ‘eye-watering’ rates of interest, higher than homeowners paying off their mortgage

The Independent UK

Student loan inflation rates mean graduates will pay higher interest rates than homeowners

Anyone who has taken out a loan since 2012 could end up paying ‘eye-watering’ rates of interest, higher than homeowners paying off their mortgage

The Independent UK

Graduates set for high interest ‘rollercoaster ride’ on loans

Those who have taken out loans since 2012 could end up paying ‘eye-watering’ rates of interest higher than homeowners paying off their mortgage.

The Independent UK

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Student loan interest rate to hit 12% for graduates in England this year

The RPI figure confirmed on Wednesday is the highest rate seen since tuition fees for university students in England were raised to £9,000 in 2012

Daily Mirror

Student loan changes in England will cost middle earners £30k, analysis says

IFS says from 2023, expected future earnings will be crucial in deciding whether to take gap year

The Guardian - UK

UK’s top 0.1% earners have annual income of over half a million, says IFS

Institute for Fiscal Studies report finds highest-paid earners benefit from lower tax rates open to business owners

The Guardian - UK

6 new tax year blows hitting your money today - from NI payments to pensions

The new tax year begins on Wednesday, April 6, with important changes to taxes, pensions, student loans and statutory sick pay. Here's what's happening

Daily Mirror

Committee to study elephant deaths lacks field biologists, veterinarians

Three IFS officers and a NGO representative are the members

The Hindu

Allegations of forest officials’ transfer baseless: Minister

Saseendran says no official in IFS cadre promoted

The Hindu

Middle earners hit by Covid pandemic income blow

Workers on middle and higher incomes saw their incomes fall during the first year of the Covid-19 pandemic, according to new analysis released on Thursday.

Evening Standard

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Motor1

Nissan Lets Dealers Charge, Finance Up To $2,500 On Some Lease Buyouts

The costs are for customer-approved repairs needed to achieve CPO status when using the lease purchase option.

The Guardian - UK

Jacob Rees-Mogg says Ukraine war shows Partygate scandal was just ‘fluff’ – as it happened

Brexit minister says people will find Partygate scandal ‘fundamentally trivial’ in the context of war in Ukraine

The Independent UK

Tax rise due to be £12.5bn bigger than expected amid inflation surge, says IFS

An income tax freeze is now expected to mean a £20.5 billion tax rise, the Institute for Fiscal Studies said.

The Guardian - UK

Senior teachers will endure long pay freeze under DfE plans, study finds

Pay rise for new teachers will come at expense of much lower increases for those with experience

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The Independent UK

Sunak ‘must choose’ between spending hike or worst drop in living standards in 50 years, IFS warns

The chancellor faces a stark decision between higher borrowing or an average earner being £800 worse off, the economic think tank says

The Independent UK

Sunak faces choice of worst hit to households since 1970s or spending hike, IFS warns

The chancellor faces a stark decision between higher borrowing or an average earner being £800 worse off, the economic think tank says

The Guardian - UK

Student loan changes hit lower earners harder than first thought – IFS

Institute for Fiscal Studies says graduates face paying extra £28,000 towards their loan over their lifetime

The Independent UK

Poorer graduates ‘to be hit even harder by student loan threshold change’

The Institute for Fiscal Studies pointed to a ‘crucial tweak’ in the policy’s supporting documents.

The Guardian - UK

England student loan changes will hit poor hardest, official analysis finds

Critics say plans among ‘most regressive yet’, while high-earning borrowers ‘stand to benefit substantially’

Daily Record

People of working age saving for retirement could lose money by not moving older pension pots

Employees in their 50s could be losing out on as much as £2,400.

The Guardian - UK

Ministers ‘quietly tighten financial screws’ on students in England – IFS

IFS paper shows how inflation is eroding loans and fees enabling government to claw back £2.3bn

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