00:00Well, the threshold increases this year. It then is frozen in previous years.
00:05That is something as well that the previous government did for a number of years.
00:09And of course, we continue to look at the system to make it fairer,
00:12like the way in which we're bringing down inflation to reduce the interest rate paid on those loans.
00:18But it's just one area where we inherited a crisis from the previous government,
00:22whether it was almost 8 million people on hospital waiting lists,
00:25a prison system that was full, young people with special educational needs
00:30who weren't being provided with the support they needed, and energy bills that were too high.
00:36We are fixing that mess, bringing down the cost of living,
00:40bringing down government debt and borrowing, and also reducing NHS waiting lists.
00:44Will there be any change at the spring statement for those loan holders,
00:47or shouldn't they get their hopes up yet?
00:48The spring forecast is just a forecast.
00:50We've committed to just one fiscal event, one budget a year.
00:54What we will have next week at the spring forecast is an update in the forecasts
00:59for inflation, for interest rates, for government borrowing.
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