A FRESH £3billion black-hole opened up in Labour’s spending plans yesterday after it brought forward a flagship bid to scrap tuition fees by a YEAR.
Jeremy Corbyn said 400,000 students would be able to defer their fees at uni this September – 12 months before Labour’s policy is due to kick in.
Labour said the move wouldn’t cost any extra – and it was part of the £9.5billion a year costings mapped out in last week’s manifesto.
Party sources also claimed that many students don’t pay back the cost of their fees anyhow.
The estimated cost of the policy is £3billion a year.
Education Secretary Justine Greening said: “This is yet another shambles from Jeremy Corbyn who wants to lead the Brexit negotiations in just two weeks’ time.
“Corbyn has promised that tuition fees will be abolished this year but he hasn’t got the money to pay for it.
“That would mean he’d rack up more debt or raid the higher education budget.
“As ever Corbyn’s figures don’t add up and his Shadow Cabinet can’t explain where the money would come from.”
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Jeremy Corbyn last week announced a decision to scrap tuition fees from 2018 – lifting £38billion-worth of debt from the fees over the next Parliament.
Yesterday he said abolishing them this summer would give 18 year-olds sitting their A-levels more certainty as they head to university later this year.
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