Back to today’s briefing

Story perspectives

Chancellor Faces Pressure to Replace Student Loans with Graduate Tax

2/5/2026

31 3

Summary

Story summary

A graduate tax could replace student loans, according to John Blake, a former student regulator director.
Chancellor Rachel Reeves faces pressure to reform student loans as graduates deem the system oppressive.
Martin Lewis, founder of MoneySavingExpert, notes borrowers often see debt rise despite repayments.
Alex Stanley from the National Union of Students says the system is broken and requires significant reform.

1 of 1

Story summary

A graduate tax could replace student loans, according to John Blake, a former student regulator director.
Chancellor Rachel Reeves faces pressure to reform student loans as graduates deem the system oppressive.
Martin Lewis, founder of MoneySavingExpert, notes borrowers often see debt rise despite repayments.
Alex Stanley from the National Union of Students says the system is broken and requires significant reform.