Graduate Tax scrapped
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Despite only 3 months ago, Vince Cable putting forward a graduate tax linked to post-college earnings which would do away with tuition fees, it now appears a U-turn on the policy has taken place.
“A ‘pure’ graduate tax - is not the way forward. While it is superficially attractive, an additional tax on graduates fails both the tests of fairness and deficit reduction,” he has written in an e-mail sent to Liberal Democrat and Conservative members.
Lord Browne’s report on university funding is expected to be published on Tuesday.
For a general discussion of the issues behind university funding, see here.
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