MPs launch student loans inquiry amid ‘perfect storm’ for young people in UK

Influential Treasury committee chair Meg Hillier says review follows growing concern over graduate debt

• UK firms struggling to hire young people amid cost pressures, MPs told

Young adults in the UK face a “perfect storm” of economic challenges, the head of the influential Treasury select committee has warned as it launches an inquiry into student loans.

The cross-party committee’s investigation comes as the government considers ways to ease the burden on graduates, amid a growing backlash about high interest rates and hefty repayments, including among Labour MPs.