Students could earn interest on loans

first_imgDeflation means that students may be given rebates on student loans unless interest rate calculations are changed.Interest on student loans is calculated with reference to the Retail Prices Index (RPI), which in March showed inflation to have dropped to -0.4%. It is the first time Britain has experienced deflation since 1960.Interest is calculated in March but applied in September, meaning that current economic changes would not impact on loans until later this year. The fall in inflation effectively means that students would start to earn interest on their loans, rather than pay it, and could result in rebates for some graduates.However, this will only be the case if the way that interest is calculated is not changed.A spokeswoman for the Department for Innovation, Universities and Skills, which is in charge of policy making for the Student Loans Company, said that they are in discussions with the Treasury and will ‘consider the options available’.She added that the department hopes to ‘make an announcement shortly’. The DIUS has indicated that the situation will have been clarified well in advance of the annual change to interest rates in September.Interest on ‘mortgage-style’ fixed rate loans taken out before 1998 must track RPI rates, even if they go into deflation. Post-1998 rates, in contrast, are based on the annual March RPI or the highest bank base rate, whichever is the smaller, plus 1%.The Student Loans Company has also recently announced a new loan recovery system for outstanding loans.In a news release on its website, the company said that it will be contacting graduates who have consistently defaulted on loan payments. It threatened that those whose salary exceeds the maximum for deferment will be registered with UK Credit Reference Agencies. The changes only apply to those on post-1998 loans which are tied to RPI.The company emphasised that options are available for those who need to defer or work out a new repayment plan.Before the fall into deflation last month, students had been paying the highest rate of interest on loans since the early nineties, at 4.8% throughout 2007/08. The SLC has said that interest in 2009/10 will not exceed this year’s rate of 3.8%.last_img read more

Crystal Palace claim surprise win over Chelsea at Stamford Bridge

first_img Press Association Chelsea secured the title with a 1-0 defeat of Palace on May 3 but the Eagles were triumphant on this occasion, stunning the hosts just when they thought Radamel Falcao had got them back into the game with his first goal for the Blues. Joel Ward popped up to restore the lead, after Bakary Sako’s opener, as Palace earned a 2-1 win – their first at Stamford Bridge since 1982. Jose Mourinho’s 100th Premier League home match as Chelsea boss saw a second loss as Crystal Palace claimed their first win at Stamford Bridge in 33 years. Palace have now won eight of their 10 away matches in the league under Pardew, who has three victories against Mourinho in the last two seasons. Mourinho played down the significance of statistics ahead of his 200th Premier League contest and 100th at Stamford Bridge, insisting three points was all that mattered. But the Blues were unable to add to his record of 76 wins in the previous 99 home games as Palace emulated Sunderland’s April 2014 success. Mourinho may have complained of the nature of the Black Cats’ success – his resentment at the officiating still lingering – but Palace were deserved winners to move second behind Manchester City. Chelsea are eight points adrift after four points from four games. Mourinho had said there was no “drama” after Chelsea’s start, but it is clear there is plenty of work to do. Mourinho’s men have not kept a clean sheet in eight matches since winning the league against Palace and appeared porous at the back once more, with the suspended John Terry replaced by Gary Cahill. Their next match is at Everton on September 12 and it remains to be seen which Blue shirt Toffees defender John Stones will be in. The champions have intimated they will not make a fifth bid after a fourth offer of £37million was rejected. Everton did not confirm the offer. Connor Wickham scored in Sunderland’s win at Stamford Bridge and was included as Palace’s solitary change following their victory over Aston Villa. Palace wore black armbands due to the death of Yannick Bolasie’s father. The winger returned on the bench. The Eagles did not roll over in May and again refused to be cowed, as demonstrated by some physical exchanges, with Diego Costa often the target. Pedro shot narrowly wide from the edge of the box before Palace had two fine chances. Sako, the match-winner against Villa, was denied by Thibaut Courtois, who next saved when Yohan Cabaye was played in one-on-one by a fine Wilfried Zaha run. Alex McCarthy made saves in quick succession from Costa and Cesc Fabregas, with Pedro unable to direct the third attempt goalwards. Costa believed he was fouled in the box by Damien Delaney early in the second half. Referee Craig Pawson turned down the appeal. Sako tried to tee up Wickham before sending Palace into the lead himself. He stayed on his feet when Cesar Azpilicueta slid in to react to Bolasie’s cross and the ball sat nicely for Sako to net. Falcao equalised with a fine header from Pedro’s cross, but Palace immediately responded. Bolasie crossed to the back post where Sako had the presence of mind to centre the ball for Ward to head in and complete a memorable win. TWEET OF THE MATCH “What a proud day to be associated with @CPFC well done the manager the team and the supporters, amazing result. #cfc 1=2 #cpfc.” – Former Palace striker Mark Bright was full of praise for the current players and staff after a memorable win. https://twitter.com/Mark__Bright/status/637654832539660289 – @Mark__Bright PLAYER RATINGS Chelsea Thibaut Courtois: 8 (out of 10) Branislav Ivanovic: 5 Gary Cahill: 5 Kurt Zouma: 6 Cesar Azpilicueta: 5 Nemanja Matic: 5 Cesc Fabregas: 5 Pedro: 7 Willian: 5 Eden Hazard: 5 Diego Costa: 6 Subs Radamel Falcao: 7 Kenedy: 6: Ruben Loftus-Cheek: 6 Crystal Palace Alex McCarthy: 9 Joel Ward: 7 Scott Dann: 7 Damien Delaney: 8 Pape Souare: 6 James McArthur: 6 Yohan Cabaye: 6 Bakary Sako: 8 Jason Puncheon: 7 Wilfried Zaha: 6 Connor Wickham: 6 Substitutes: Yannick Bolasie: 8 Lee Chung-yong: 6 STAR PLAYER Sako: To think the former Wolves forward was available on a free transfer this summer and Alan Pardew had to be persuaded by Palace chief Steve Parrish to sign him. Two starts, two match-winning goals for the Mali man. MOMENT OF THE MATCH Ward: Moments after Falcao’s fine first Chelsea goal, the right-back popped up in the hosts’ six-yard box to head in the decisive goal. What he was doing there, no-one knows. VIEW FROM THE BENCH Pardew picked a physical side who were more intimidating than intimidated. With Chelsea less than convincing so far this term, he was determined to exploit their fragility and did so. So unhappy with his defence is Mourinho that he threw on forward Kenedy at left-back. Falcao scored soon after his introduction, but Chelsea could not equalise. MOAN OF THE MATCH Chelsea’s defeat is likely to be the focus, rather than Palace’s success. There are plenty of questions for the champions to answer. Palace’s first win at Stamford Bridge since 1982 was deserved, though. WHO’S UP NEXT? Everton v Chelsea (Premier League, Saturday 12 September) Crystal Palace v Manchester City (Premier League, Saturday 12 September) last_img read more

Srikanth gets 1st round bye in Hong Kong as Momota pulls out

first_imgHong Kong: Kidambi Srikanth has avoided a possible first-round clash at the Hong Kong Open against Japanese world no.1 Kento Momota with the latter pulling out of the tournament. Srikanth has thus got a first-round bye and will either face France’s Brice Leverdez or compatriot Sourabh Verma. Momota had last week won the China Open, beating Chinese Taipei’s Chou Tien Chien in an epic final that lasted nearly one and a half hours. The final score stood 21-15, 17-21, 21-18 in his favour. This was his 10th title of the year and he is one of the favourites to win gold at the Olympics next year which will be held in his country.The 25-year-old has won 12 out of the 15 clashes that he has had with Srikanth in his career. Momota had earlier faced B Sai Praneeth in the semi-final of the BWF World Championships in August on his way to the gold medal.Srikanth will be looking for a turnaround in the tournament as his struggle to emulate his form in 2017 continues. He recently fell out of the top 10 of the BWF rankings and slid to 13th in the most recent update of the rankings. IANSAlso Read: Kidambi Srikanth Pulls out of China, Korea Open with Knee InjuryAlso Watch: Body of Unidentified Man found floating in Kampur’s Nikhari Riverlast_img read more

#MoggMentum…Bookmakers cut odds on Jacob Rees-Mogg taking over Tory Party leadership

first_img Submit Share Related Articles As Parliament heads towards its summer recess (20 July – 5 September), rumours swirl of a leadership contest for the divided and embattled Conservative Party.A cruel summer for PM Theresa May, who has made little to no progress on her Brexit mandate, has seen UK media report that Brexit secretary David Davis and foreign secretary Boris Johnson are seeking to take the throne.However, with the conservatives in dire need of a fresh face UK bookmakers have placed North-East Somerset MP Jacob Rees-Mogg at 10/1 to become next party leader.Rees-Mogg who has been described as one of the ‘spiritual leaders of Brexit’, has recently gained a cult following on social media, with his followers calling for the Tory Party to implement a #MoggMentum.The vocal support by of Rees-Mogg by hardline Brexiters has seen bookmakers cull the MPs odds from 50/1 to its current 10/1 price, sitting behind Boris Johnson and Philip Hammond at 6/1 with David Davis as the current front runner at 3/1. Speaking to SBC, Ladbrokes’ Head of Politics Matthew Shaddick commented on the market“The Moggster has gone from 50/1 to just 10/1 to be next Tory leader in the space of two weeks. He’s on the telly a lot at the moment, and put in a decent performance on Question Time the other day but I must admit to being a bit baffled by the move. I suppose if Theresa May is replaced anytime soon, the party will likely be looking for a pro-Brexit leader with some popular appeal; not so long ago Boris would have been that person, but nobody wants to back him anymore. Perhaps Rees-Mogg is the man, but I’m more than happy to lay him at 10/1.” Winning Post: Political flip-floppery leads to uncertainty for casinos August 3, 2020 StumbleUpon John O’Reilly – Erratic orders have placed UK casinos on life support August 4, 2020 Share BGC: Government must ‘act fast’ and extend furlough scheme August 11, 2020last_img read more

Thebes: “We hope to start playing in June and finish the 2019-2020 season this summer”

first_imgHe also stressed that the return to work of soccer professionals “supposes the reactivation of a very relevant economic sector that contributes 1.37% of the GDP (Spanish) and generates 185,000 jobs (in the country) at a time when the economic situation is already the main concern, precipitated by the health crisis. “In accordance with the Return to Training Protocol that LaLiga has drawn up with medical experts, They will begin after a medical examination by the services of the clubs, with solo work for professionals.The document It has been planned from LaLiga with measures that have been agreed with the sports and health authorities with the purpose of guaranteeing the greatest safety for the health of all those involved.These measures contemplate a period of approximately one month with different phases that, in any case, will be subject to the de-escalation process established by the Government.So, together with perceptual medical controls a staggered return to training has been designed It will range from solo training to group exercise prior to the return to the competition scheduled for June. The president of LaLiga, Javier Tebas, assured that the resumption of activity in the clubs continues “a comprehensive protocol to safeguard the health of all involved“and showed his hope in “start playing again in June” and finish the 2019-20 season “this summer”.“Health is paramount, so we have a comprehensive protocol to safeguard the health of everyone involved as we work to restart LaLiga. The circumstances are unprecedented, but we hope to start playing again in June and finish our 19/20 season this summer. To return is to win! “Said Thebes.In a statement released by the League, Thebes referred to the “profound impact” of this crisis and considered that “the return of football is a sign that society is progressing to the new normal.”“It will also bring back an element of life that people in Spain and around the world know and love. “he added.LaLiga confirmed that their clubs return to training this week after the approval by the Ministry of Health of the return to sports training, with a protocol drawn up by the employers and developed by the Higher Sports Council (CSD).last_img read more