Budget will introduce discount railcard for under-30s and unveil action to prevent overpayment of student loans

Philip Hammond will pitch to win over younger voters with a new offer of cheaper rail fares for the under-30s and plans to prevent graduates from overpaying student loans.

The chancellor will use Wednesday’s budget to launch a new discount railcard from spring 2018 for 4.5 million people aged between 26-30, though it has not been confirmed how much the discount would be.

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