New Education Secretary Lucy Powell says student loan interest rate 'needs looking at'

Education Secretary Lucy Powell has prioritised a review of the student loan system, stating the issue is at the top of her in-tray. The Manchester MP has backed an investigation into the costs students pay for university. Powell maintains her previous stance that the interest charged on Plan 2 loans is egregious and requires scrutiny. This commitment follows her history as an outspoken critic of the current interest rate structure before assuming her official government role.