Tory leadership contest: Jeremy Hunt will cancel student debt for graduates who set up a business to ‘turbocharge’ the economy

Jeremy Hunt will cancel the student debt for graduates who go on to set up their own businesses in a bid to “turbocharge” the economy post-Brexit should he become Prime Minister. iNews reports.

The eye-catching policy came as Mr Hunt tried to get his leadership campaign back on track after he was accused of branding Brexit supporters “Little Englanders”.

Under plans announced by the underdog in the race for Number 10, entrepreneurs who start-up a business that employs more than 10 people for five years would have their student debt pile scrapped.

“If we are to turbocharge our economy and take advantage of Brexit, we need to back the young entrepreneurs who take risks and create jobs,” Mr Hunt said.

“I started my own business I still use the lessons that experience taught me – focus, drive and the art of negotiation – every single day.

“I want more young people to have the confidence to take the decision to start their own business, so we create wealth and start thriving as a country again,” he added.

According to Mr Hunt’s campaign team, just 1 per cent of graduates start their own businesses, which the candidate wants to change if he becomes Prime Minister.

Read more Tory leadership contest: Jeremy Hunt will cancel student debt for graduates who set up a business to ‘turbocharge’ the economy 

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Categories: Apprenticeships, Business, Employment, Higher Education and University.

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