A busy week in politics, and for policy too. Not looking any quieter as we approach the end of the year, either. We will do a short update next week because the ONS report on student loan accounting is due and there are likely to be interesting reflections on that through the week.
Student loans and accounting
Ahead of the big ONS announcement on Monday about accounting for student loans, there is a House of Commons library report: Student loans and the Government’s deficit
Following concerns from parliamentary committees, the Office for National Statistics (ONS) is re-examining how student loans are recorded in the Government’s deficit (which is the difference between the Government’s spending and its revenues from tax receipts and other sources). The ONS will announce its decision on 17 December 2018. (more…)