Why we should object to the student loans scheme

The student loan system pretends to offer easy money to anyone who wants it. But someone – very probably the taxpayer – has to pick up the bill.

We've been complaining about the new student loans systemhere for a while. We think it is less a loan system than a progressive tax system deisgned to force graduates who do reasonably well to finance the education of those who do not.

I'm pleased then to see a new report out from The Intergenerational Foundation that very clearly agrees.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.