Cut student loan repayments to get youths out of chicken shops

cityam

Aug 19

Grads are turning away from the hospitality sector Crippling student loan repayments have stolen billions from the economy sending struggling graduates to cheap food options and public transport, a ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCut student loan repayments to get youths out of chicken shops\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-19 20:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/cut-student-loan-repayments-to-get-youths-out-of-chicken-shops/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grads are turning away from the hospitality sector Crippling student loan repayments have stolen billions from the economy sending struggling graduates to cheap food options and public transport, a ...</p>\n\n<a href=\"https://www.cityam.com/cut-student-loan-repayments-to-get-youths-out-of-chicken-shops/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CARY","symbol_name":"ANGEL OAK INCOME ETF","start_time":0,"source_url":"https://www.cityam.com/cut-student-loan-repayments-to-get-youths-out-of-chicken-shops/","article_id":"2660942872","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/08/Chicken.jpg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/cut-student-loan-repayments-to-get-youths-out-of-chicken-shops/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2660942872","pubTimestamp":1787141325,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Grads are turning away from the hospitality sector Crippling student loan repayments have stolen billions from the economy sending struggling graduates to cheap food options and public transport, a consultancy firm has argued.Analysts at Baringa found that cutting the student loan repayment rate from nine per cent to five per cent would free up to 6bn in consumer spending each year for the domestic economy.Graduates repay nine per cent of their income above the threshold of their loan plan type. Plan 2 loans are currently buckling the vast majority of UK grads, where they begin repayments upon earning 29,385 per year.Post graduates are also feeling the strain, being buckled by an additional repayment of six per cent upon earning 21,000 a year on a Plan 3.Consultants argued that the threshold has led young workers to shun the hospitality, car and home improvements sector and slashing the repayment levels would send them flocking back.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CARY":"ANGEL OAK INCOME ETF","MILN":"Global X Millennial Consumer ETF"},"translate_title":"削减学生贷款还款，让年轻人远离鸡肉店","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MILN":1.5,"CARY":1.5},"content_text":"Grads are turning away from the hospitality sector Crippling student loan repayments have stolen billions from the economy sending struggling graduates to cheap food options and public transport, a consultancy firm has argued. Analysts at Baringa found that cutting the student loan repayment rate from nine per cent to five per cent would free up to £6bn in consumer spending each year for the domestic economy.Graduates repay nine per cent of their income above the threshold of their loan plan type. Plan 2 loans are currently buckling the vast majority of UK grads, where they begin repayments upon earning £29,385 per year.\n\nPost graduates are also feeling the strain, being buckled by an additional repayment of six per cent upon earning £21,000 a year on a Plan 3.Consultants argued that the threshold has led young workers to shun the hospitality, car and home improvements sector and slashing the repayment levels would send them flocking back.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nIn the case of a typical young family, they would gain £1,452 a year, while double income households without children, known as DINKS, would receive an additional £2,000 in disposable income off the back of a cut.\n\nPaddy Winters, partner in consumer products and retail at Baringa, said: “Consumer spending has positive ramifications across the economy, fuelling demand, supporting businesses and creating jobs.“By modelling what graduates would do with more cash in their pockets, we can begin to see the significant cost that the student loan system is having on the UK economy and negative economic impact it will continue to have for years to come.”Clucking mad for chicken shopsThe hospitality sector was found to be one of the biggest losers to the student loan system. Baringa estimated that an additional £676m of annual spending would flow into restaurants, cafes and hotels upon a reduction.\n\nThe lack of cash flow into certain areas of the sector also reflects the rise of interest in cheaper options among young Brits.Recent analysis from the consultancy found that the annual rise in fast food restaurants has outstripped growth in traditional sit-down restaurants by around five times between 2018 and 2025.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}