During the week before Christmas, most workplaces begin to wind down for the break. But not the Office for National Statistics (ONS).
Earlier this week, it announced a major change in the way that student loans are recorded in the national accounts and public sector finances. So what does this mean exactly?
At the moment, student loans are classed as government lending. But, as it’s widely known, not all of this lending will be ever repaid – a whopping 45 per cent of the loans are written off by the government.
Parliamentary committees have asked that some or all of the money should be ...