Macro Musings: Student debt sell-off, BP & Trump ban - Panmure Gordon
UK Universities Minister Jo Johnson has announced the sale of £4 billion worth of student loans owned by some 450,000 people. The move has been labelled as “economic illiteracy” and “privatisation through backdoor”.
David Buik, Senior Market Commentator says the idea of $4 billion student debt sell-off is horrendous.
Watch Buik discuss whether taxpayer would get a good deal this time…
Also discussed in this segment is BP earnings and implication of banning Trump from speaking in Parliament. Buik says UK needs the support of the world’s strongest economy and whether we like it or not, Trump is the President.
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