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Allies Urge Burnham to Raise Loan Threshold, Cut Repayments

6/26/2026

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Summary

Story summary

Allies urge Labour MP Andy Burnham to raise the student-loan repayment threshold from £29,385 to £33,542 in England and Wales.
A Good Growth Foundation poll shows Labour support among 5.5 million Plan 2 loan holders fell from 54 % to 30 % since the 2024 election.
Raising the threshold to £33,542 would cut a graduate’s annual repayment by about £374 and reverse Chancellor Rachel Reeves’s freeze of the threshold at £29,385 until 2030.

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Story summary

Allies urge Labour MP Andy Burnham to raise the student-loan repayment threshold from £29,385 to £33,542 in England and Wales.
A Good Growth Foundation poll shows Labour support among 5.5 million Plan 2 loan holders fell from 54 % to 30 % since the 2024 election.
Raising the threshold to £33,542 would cut a graduate’s annual repayment by about £374 and reverse Chancellor Rachel Reeves’s freeze of the threshold at £29,385 until 2030.