Today's news Coverage
(I have promised a part 2..... but pending that this is part 1.1 )
Today's coverage of Vince Cable's coverage of Graduate Tax reports that the NUS is in favour of a graduate tax, and indeed they are. Which is good news.
You can find their proposal here
I have only had a chance to glance at their detailed proposal, and will write a response to it when I get the chance. I agree with the principle of their scheme as far as it goes However they do not include student maitenance, they link it to an abolition of tuition fees, with the graduate tax ultimately funding financing of universities through grants, for some reason they limit the levy period to 20 years, and they do not really address the upfront funding problem, so I would have things to say.
The Russell Group appeared to be opposed, with their spokesman Wendy Piat using what seems to me to be frankly a straw man argument. She says that people in top Graduate Jobs could be paying 16,000 a year in graduate tax. if the levy were set, as the NUS propose at 2.5 per cent exactly what ARE these top graduate jobs, how many of them are there, and she is talking about a taxable income of about 300,000 pounds a year....
So the next question is how can my daughter get one?