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Spring Statement 'betrayed the millions of graduates drowning in debt'

3 March 2026

Responding to the Spring Statement's failure to address the student loan crisis, UCU general secretary Jo Grady today said:

Responding to the Spring Statement's failure to address the student loan crisis, UCU general secretary Jo Grady today said:

'Rachel Reeves and Keir Starmer have betrayed the millions of graduates drowning in debt by refusing to lift a finger to help them.

'Decades of enforced pay deductions cause real harm, undermine the social contract between a government and its citizens, and inflict lasting damage on the country's growth. Labour needs to fix this mess by ending the debt burden and addressing the root cause of the crisis: an outdated and under-resourced higher education funding model.' 

Last updated: 3 March 2026