12 July 2007 : Column 1609W—continued
12 July 2007 : Column 1610W
In 1998, the Government received £1 billion for the sale of student loans with a face value of £1.02 billion. In 1999, the Government received £1 billion for the sale of student loans with a face value of £1.03 billion. These are figures for the UK as a whole, as loans administration had not then been devolved.
Over the lifetime of the loans, the total gross payments of interest and other subsidies to the debt owners, in respect of loans made to English and Welsh domiciled students, is estimated at £635 million in 1998/99 net present value (NPV) terms. After deducting the interest subsidy costs, which the Government would still have incurred if the loans had not been sold, the estimated net lifetime costs of the sale for interest and other subsidies are £125 million in 1998/99 NPV terms. This assumes the current relevant Treasury discount rate of 3.5 per cent.
The discount rate at the time of the sales was 6.0 per cent. Using this rate would have resulted in future cash flows having lesser value, which would have made the sales more attractive to the Government. The estimated total gross payments of interest and other subsidies would have been £545 million, with a net estimated lifetime saving of £130 million. The actual final cost/saving will depend on the performance of the sold loans over their remaining life.
Unemployment: Young People
Mr. Boris Johnson:
To ask the Secretary of State for Children, Schools and Families how many (a) 16, (b) 17 and (c) 18-year-olds were not in education employment or training, broken down by (i) parliamentary constituency, (ii) local education authority and (iii) region in each of the last 10 years for which figures are available. [147034]
Beverley Hughes:
The Department's estimate of the number and proportion of young people not in education, employment or training (NEET) cannot be disaggregated to regional or local authority level. However, we can give an indication of the number of 16, 17 and 18-year-olds NEET from data provided by Connexions services, and this is given in the following table.
Data provided by Connexions services are used to set and monitor local authority NEET targets. However, it should be noted that figures are calculated on a different basis from that used in the Department's estimates, and therefore do not give the same totals.
Information cannot be broken down by parliamentary constituency, nor is it available at local authority level and age before 2005.
| Number of 16, 17 and 18-year-olds NEET—December 2005 and 2006 |
| As at December each year |
| | Age 16 | Age 17 | Age 18 |
| | 2005 | 2006 | 2005 | 2006 | 2005 | 2006 |
|
South East region
|
3,720
|
3,290
|
6,160
|
5,440
|
5,000
|
5,470
|
|
Bracknell Forest
|
50
|
30
|
100
|
60
|
80
|
80
|
|
Reading
|
140
|
90
|
210
|
160
|
190
|
130
|
12 July 2007 : Column 1611W
12 July 2007 : Column 1612W
|
Windsor and Maidenhead
|
40
|
30
|
70
|
60
|
70
|
50
|
|
Slough
|
100
|
60
|
140
|
90
|
150
|
90
|
|
West Berkshire
|
70
|
60
|
120
|
90
|
90
|
90
|
|
Wokingham
|
50
|
40
|
90
|
50
|
80
|
60
|
|
Kent
|
710
|
640
|
1,230
|
1,140
|
950
|
1,190
|
|
Medway
|
190
|
130
|
350
|
290
|
280
|
240
|
|
Buckinghamshire
|
100
|
90
|
210
|
160
|
220
|
190
|
|
Milton Keynes
|
130
|
100
|
220
|
180
|
200
|
180
|
|
Oxfordshire
|
200
|
230
|
370
|
330
|
320
|
330
|
|
Portsmouth
|
150
|
90
|
220
|
200
|
160
|
180
|
|
Southampton
|
190
|
180
|
340
|
250
|
190
|
230
|
|
Isle of Wight
|
70
|
60
|
90
|
100
|
80
|
110
|
|
Hampshire
|
580
|
570
|
810
|
850
|
530
|
800
|
|
Surrey
|
250
|
250
|
410
|
360
|
340
|
310
|
|
Brighton and Hove
|
170
|
150
|
290
|
280
|
290
|
290
|
|
East Sussex
|
280
|
250
|
450
|
460
|
440
|
490
|
|
West Sussex
|
260
|
240
|
440
|
390
|
370
|
420
|
| | | | | | | |
|
London region
|
3,830
|
3,250
|
7,090
|
6,040
|
7,180
|
6,760
|
|
Camden
|
80
|
80
|
180
|
140
|
190
|
160
|
|
Islington
|
120
|
110
|
250
|
210
|
260
|
210
|
|
Kensington and Chelsea
|
30
|
40
|
70
|
80
|
90
|
80
|
|
Lambeth
|
140
|
100
|
300
|
200
|
350
|
210
|
|
Southwark
|
120
|
120
|
290
|
250
|
320
|
230
|
|
Wandsworth
|
90
|
80
|
180
|
150
|
180
|
160
|
|
Westminster
|
110
|
50
|
140
|
100
|
130
|
110
|
|
Barking and Dagenham
|
180
|
160
|
290
|
280
|
250
|
290
|
|
Bexley
|
150
|
140
|
230
|
180
|
220
|
140
|
|
City of London
|
—
|
—
|
—
|
—
|
—
|
10
|
|
Greenwich
|
180
|
170
|
350
|
280
|
370
|
360
|
|
Hackney
|
130
|
120
|
280
|
240
|
330
|
290
|
|
Havering
|
150
|
130
|
270
|
230
|
200
|
200
|
|
Lewisham
|
140
|
60
|
260
|
190
|
260
|
230
|
|
Newham
|
210
|
210
|
360
|
360
|
310
|
380
|
|
Redbridge
|
130
|
90
|
200
|
180
|
230
|
180
|
|
Tower Hamlets
|
150
|
130
|
300
|
280
|
410
|
290
|
|
Barnet
|
120
|
120
|
210
|
160
|
260
|
230
|
|
Enfield
|
180
|
140
|
320
|
250
|
320
|
300
|
|
Haringey
|
140
|
130
|
270
|
230
|
290
|
270
|
|
Waltham Forest
|
100
|
120
|
230
|
230
|
200
|
170
|
|
Bromley
|
90
|
100
|
210
|
190
|
190
|
200
|
|
Croyden
|
210
|
170
|
370
|
310
|
340
|
350
|
|
Kingston
|
40
|
30
|
70
|
80
|
80
|
70
|
|
Merton
|
60
|
40
|
80
|
80
|
80
|
70
|
|
Richmond
|
40
|
30
|
50
|
60
|
60
|
50
|
|
Sutton
|
70
|
70
|
150
|
120
|
150
|
140
|
|
Brent
|
60
|
60
|
140
|
140
|
160
|
230
|
|
Ealing
|
100
|
100
|
210
|
180
|
200
|
220
|
|
Hammersmith and Fulham
|
130
|
50
|
170
|
120
|
170
|
130
|
|
Harrow
|
80
|
40
|
140
|
130
|
150
|
170
|
|
Hillingdon
|
180
|
140
|
350
|
220
|
280
|
340
|
|
Hounslow
|
110
|
100
|
200
|
210
|
230
|
270
|
| | | | | | | |
|
East of England region
|
2,980
|
2,620
|
5,130
|
4,620
|
4,890
|
4,840
|
|
Bedfordshire
|
210
|
190
|
340
|
310
|
360
|
360
|
|
Luton
|
100
|
100
|
240
|
210
|
260
|
280
|
|
Cambridgeshire
|
220
|
200
|
350
|
340
|
370
|
330
|
|
Peterborough
|
140
|
110
|
270
|
230
|
260
|
270
|
|
Essex
|
850
|
610
|
1,360
|
1,120
|
1,240
|
1,130
|
12 July 2007 : Column 1613W
12 July 2007 : Column 1614W
|
Thurrock
|
140
|
90
|
200
|
180
|
180
|
160
|
|
Southend
|
120
|
100
|
230
|
210
|
200
|
220
|
|
Hertfordshire
|
420
|
360
|
700
|
590
|
620
|
640
|
|
Norfolk
|
410
|
470
|
750
|
770
|
710
|
790
|
|
Suffolk
|
370
|
370
|
670
|
650
|
690
|
710
|
| | | | | | | |
|
South West r egion
|
2,320
|
2,270
|
3,970
|
3,670
|
3,640
|
3,680
|
|
Bournemouth
|
90
|
110
|
150
|
140
|
110
|
140
|
|
Dorset
|
170
|
200
|
240
|
290
|
240
|
280
|
|
Poole
|
60
|
90
|
120
|
90
|
100
|
90
|
|
Cornwall and Isles of Scilly
|
280
|
230
|
430
|
400
|
470
|
460
|
|
Devon
|
310
|
300
|
520
|
530
|
440
|
450
|
|
Plymouth
|
180
|
140
|
310
|
270
|
300
|
280
|
|
Torbay
|
60
|
80
|
110
|
130
|
100
|
100
|
|
Gloucestershire
|
240
|
210
|
460
|
360
|
510
|
380
|
|
Somerset
|
220
|
180
|
360
|
300
|
290
|
260
|
|
Bath and NE Somerset
|
70
|
50
|
120
|
100
|
120
|
120
|
|
Bristol
|
200
|
180
|
450
|
350
|
370
|
410
|
|
North Somerset
|
60
|
60
|
100
|
90
|
110
|
100
|
|
South Gloucestershire
|
110
|
90
|
180
|
150
|
150
|
140
|
|
Swindon
|
90
|
140
|
190
|
210
|
130
|
230
|
|
Wiltshire
|
180
|
210
|
250
|
270
|
210
|
240
|
| | | | | | | |
|
West Midlands region
|
3,880
|
3,310
|
6,520
|
6,170
|
6,570
|
6,390
|
|
Birmingham
|
980
|
780
|
1,690
|
1,460
|
1,880
|
1,630
|
|
Solihull
|
200
|
150
|
310
|
260
|
370
|
260
|
|
Dudley
|
260
|
220
|
340
|
340
|
320
|
270
|
|
Sandwell
|
310
|
230
|
400
|
470
|
330
|
440
|
|
Walsall
|
240
|
190
|
400
|
350
|
320
|
320
|
|
Wolverhampton
|
210
|
210
|
430
|
380
|
370
|
340
|
|
Coventry
|
200
|
190
|
390
|
360
|
390
|
380
|
|
Warwickshire
|
250
|
280
|
400
|
440
|
370
|
450
|
|
Herefordshire
|
70
|
70
|
170
|
100
|
140
|
120
|
|
Worcestershire
|
250
|
180
|
430
|
350
|
390
|
340
|
|
Shropshire
|
120
|
80
|
190
|
180
|
160
|
170
|
|
Telford and Wrekin
|
120
|
130
|
180
|
200
|
210
|
200
|
|
Staffordshire
|
410
|
390
|
710
|
730
|
770
|
890
|
|
Stoke on Trent
|
270
|
230
|
530
|
530
|
550
|
610
|
| | | | | | | |
|
East Midlands region
|
2,380
|
2,120
|
4,020
|
3,490
|
3,730
|
3,530
|
|
Derby City
|
190
|
150
|
340
|
310
|
310
|
240
|
|
Derbyshire
|
370
|
330
|
660
|
540
|
620
|
560
|
|
Leicester City
|
270
|
260
|
540
|
480
|
440
|
500
|
|
Leicestershire County
|
300
|
280
|
470
|
390
|
410
|
390
|
|
Lincolnshire
|
320
|
260
|
510
|
450
|
450
|
460
|
|
Rutland
|
—
|
10
|
—
|
—
|
—
|
—
|
|
Northamptonshire
|
400
|
310
|
660
|
530
|
710
|
550
|
|
Nottinghamshire
|
330
|
290
|
480
|
480
|
430
|
460
|
|
Nottingham City
|
190
|
200
|
350
|
340
|
370
|
380
|
| | | | | | | |
|
Yorks and the Humber region
|
3,760
|
3,600
|
6,730
|
6,280
|
6,370
|
6,210
|
|
East Riding
|
100
|
130
|
210
|
250
|
190
|
220
|
|
Kingston upon Hull
|
270
|
240
|
570
|
500
|
620
|
550
|
|
North East Lincolnshire
|
120
|
140
|
260
|
260
|
270
|
220
|
|
North Lincolnshire
|
80
|
110
|
200
|
210
|
210
|
240
|
|
Barnsley
|
240
|
190
|
410
|
340
|
320
|
370
|
|
Doncaster
|
330
|
310
|
500
|
480
|
400
|
370
|
|
Rotherham
|
250
|
270
|
400
|
430
|
320
|
420
|
|
Sheffield
|
390
|
320
|
680
|
620
|
680
|
680
|
12 July 2007 : Column 1615W
12 July 2007 : Column 1616W
|
Bradford
|
370
|
380
|
690
|
630
|
740
|
540
|
|
Calderdale
|
110
|
120
|
260
|
210
|
270
|
300
|
|
Kirklees
|
310
|
290
|
530
|
520
|
580
|
620
|
|
Leeds
|
570
|
510
|
970
|
880
|
950
|
820
|
|
Wakefield
|
350
|
290
|
550
|
520
|
380
|
380
|
|
City of York
|
90
|
100
|
140
|
140
|
130
|
140
|
|
County of North Yorkshire
|
190
|
190
|
360
|
290
|
300
|
320
|
| | | | | | | |
|
North West region
|
4,690
|
4,730
|
8,460
|
7,960
|
8,160
|
8,480
|
|
Cheshire
|
330
|
290
|
470
|
490
|
460
|
430
|
|
Warrington
|
120
|
90
|
200
|
180
|
190
|
170
|
|
Cumbria
|
220
|
200
|
390
|
300
|
470
|
400
|
|
Bolton
|
270
|
300
|
450
|
440
|
390
|
440
|
|
Bury
|
130
|
140
|
220
|
210
|
200
|
190
|
|
City of Manchester
|
430
|
390
|
760
|
650
|
640
|
700
|
|
Oldham
|
160
|
170
|
280
|
280
|
260
|
270
|
|
Rochdale
|
190
|
160
|
330
|
290
|
280
|
240
|
|
City of Salford
|
180
|
180
|
320
|
340
|
210
|
210
|
|
Stockport
|
140
|
200
|
250
|
280
|
210
|
300
|
|
Trafford
|
110
|
110
|
190
|
180
|
170
|
180
|
|
Tameside
|
180
|
170
|
300
|
280
|
230
|
230
|
|
Wigan
|
280
|
280
|
420
|
440
|
430
|
420
|
|
Halton
|
80
|
110
|
190
|
180
|
220
|
230
|
|
Knowsley
|
110
|
130
|
220
|
250
|
320
|
300
|
|
Liverpool
|
370
|
370
|
760
|
760
|
880
|
920
|
|
Sefton
|
170
|
140
|
310
|
300
|
330
|
390
|
|
St. Helens
|
160
|
130
|
270
|
250
|
260
|
290
|
|
Wirral
|
180
|
240
|
460
|
420
|
470
|
530
|
|
Greater Merseyside
|
1,080
|
1,130
|
2,200
|
2,150
|
2,470
|
2,660
|
|
Blackburn-Darwen
|
110
|
130
|
260
|
210
|
260
|
250
|
|
Blackpool
|
130
|
140
|
280
|
230
|
210
|
250
|
|
Lancashire County
|
660
|
630
|
1,200
|
1,050
|
1,100
|
1,150
|
| | | | | | | |
|
North East region
|
2,190
|
1,960
|
4,140
|
3,710
|
4,350
|
4,570
|
|
County Durham
|
440
|
410
|
780
|
740
|
880
|
900
|
|
Northumberland
|
180
|
170
|
360
|
360
|
400
|
440
|
|
Darlington
|
80
|
60
|
160
|
130
|
130
|
120
|
|
Stockton on Tees
|
160
|
110
|
270
|
220
|
280
|
270
|
|
Middlesbrough
|
170
|
140
|
350
|
290
|
360
|
450
|
|
Hartlepool
|
80
|
70
|
130
|
160
|
160
|
200
|
|
Redcar and Cleveland
|
110
|
130
|
230
|
200
|
250
|
280
|
|
Sunderland
|
290
|
250
|
510
|
490
|
570
|
580
|
|
Gateshead
|
160
|
140
|
320
|
260
|
330
|
350
|
|
Newcastle
|
250
|
250
|
470
|
410
|
430
|
460
|
|
North Tyneside
|
160
|
140
|
290
|
250
|
260
|
300
|
|
South Tyneside
|
120
|
100
|
260
|
200
|
320
|
240
|
Source:
CCIS
|
