§ Paul FarrellyTo ask the Secretary of State for Education and Skills (1) what the expected deficits or surpluses are over the first 20 years for the Government in relation to higher education spending under the present proposals for income-contingent loans, assuming a zero real rate of interest; [137685]
(2) whether his Department has commissioned outside institutions and individuals to model variants of a graduate tax; [137686]
(3) what discussions his Department has had with outside bodies regarding the hypothecation of revenues from a graduate tax for use solely in funding higher education; [137687]
348W(4) how many (a) variants of a time-limited graduate tax, (b) principal variants of a quantum-limited graduate tax and (c) variants of a graduate tax were modelled by his Department in connection with its plans to fund higher education; [137744]
(5) which securitisation and bond issuance schemes his Department has assessed to fund or bridge the cash flow gap in the first years of the main variants of a graduate tax; [137753]
(6) if he will publish the estimated cash flow profile over 20 years for Government receipts under his present proposals for income-contingent loans; [137754]
(7) what assessment he has made of alternative models of a graduate tax based on an increase in national insurance contributions payable by graduates and businesses during (a) all and (b) part of a graduate's working life; [137755]
(8) what mechanisms his Department has assessed to fund or bridge the cash flow gap in the first years of the main variants of graduate tax modelled by his Department; [137756]
(9) what the cash flow profiles over 20 years are of the principal variants of a graduate tax which his Department has assessed; and what the main assumptions underlying them are; [137757]
(10) what (a) the average monthly repayments, (b) total payment made by the student and (c) the shortfall/surplus at a zero real rate of interest under a graduate tax levied would be at (i) 1p, (ii) 2p and (iii) 3p in the pound of income above £15,000 for (A) 10 years, (B) 15 years, (C) 20 years, (D) 25 years and (E) 30 years after leaving university. [137758]
§ Alan JohnsonI refer my hon. Friend to my answer of 30 October 2003,Official Report, column 429, and also to the two letters to my hon. Friend from my right hon. Friend the Secretary of State for Education and Skills, dated 11 April 2003 and 3 June 2003. Copies of both letters are in the House Library.