10 June, 2021
Student loan repayments rising?
Student loans: Making graduates repay their student loans sooner would save the government £4 billion a year according to a new report. The government wants to cut costs on student loans, and this proposal comes from Nick Hillman, the adviser who helped design the current £9,000-a-year system. His new report suggests graduates start repaying their loans once they earn over £19,000 a year - it’s currently £26,000.
Atlantic Charter: US President Joe Biden arrives in the UK today, for talks in Cornwall as part of the G7 summit. He and Boris Johnson will sign the Atlantic Charter, a new pledge modelled on the 1941 agreement between Churchill and FDR. It’ll see the two leaders commit to working together on global challenges like climate change and the post-pandemic recovery.
Rogue coronavirus testers: Travellers to the UK are falling foul of rogue testing firms touting misleading price and availability information. Arrivals have to get tested on day 2 and day 8 after landing in the UK. But consumer group Which? found some government-approved test providers are quoting prices for just 1 test, or marketing testing slots that don’t yet exist.
Investors want climate action: A group of investors controlling £29 trillion in assets have signed a joint statement calling for governments to do more to cut carbon emissions. The 457 investors include the biggest British asset manager and together they hold almost a third of the world’s assets. It’s the largest group of investors ever to join a united call for action to limit the damage from climate change.