Martin Lewis slams George Osborne over student loan repayment threshold freeze

The Chancellor George Osborne used his Autumn Statement to freeze the level at which graduates start to repay their loans at £21,000, instead of increasing it in line with average earnings. The £21,000 limit was due to be increased in line with earnings from 2017, and the change was labelled a “disgrace” by consumer champion Martin Lewis. Mr Lewis, founder of MoneySavingExpert.Com, said Mr Osborne “didn’t have the balls” to announce the decision in his statement to the Commons.