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Future sales of student-loan book may be blocked

Senior civil servant insists that if the price is not right, the department will not sell.

The permanent secretary to the Department for Business, Innovation and Skills, Martin Donnelly, has insisted that the government would not sell student debts if the deal did not represent value for money for the taxpayer.

Donnelly, who has responsibility for the financial propriety of the department, was quizzed this afternoon by members of the Public Accounts Committee as part of its inquiry into student loan repayments.

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