Scottish government warned not to rule out tuition fees
Despite the fact that the Scottish government has promised a "unique solution to Scottish further education fees" the SNP has been warned not to rule out tuition fees north of the border. The warning comes from the UK government which has for many years operated at a disadvantage to its Scottish counterpart in relation to tuition fees. The tuition fee system was abolished in Scotland some time ago and indeed the country has benefited from a massive influx of students from all around the world.
If the SNP was forced to introduce tuition fees north of the border this would be a massive blow to the employment market which is already struggling to pull away from the recent recession. The truth is that even though tuition fees are not charged north of the border there is a charge to UK taxpayers with no such thing as a "free lunch". The subject of tuition fees in the UK has been a matter for debate over the last few weeks and is set to grab the headlines in the short to medium term.
Recently we saw Vince Cable step forward with a suggestion for a graduate tax which would see the abolishment of tuition fees and the introduction of a graduate tax which graduates would pay for the rest of their working lives. Whether this is fair or not is a matter which will be discussed in great detail in the short to medium term.
Sainsbury's surprises on the upside
Half-year profits from supermarket giant Sainsbury's today surprised many analysts with pre-tax profits for the period up to £342 million from £258 million during the corresponding period last year. The company also announced sales growth of 3.7% to £11.15 billion however, when excluding fuel sales this figure is a very impressive 7.9% and reflects the growing status which Sainsbury's has in th...Read More
Is global warming set to take a back seat?
As the recession continues to grab hold of the European markets there have been calls from within the EU to suspend the promise of massive global warming targets which were introduced just a couple of years ago. There is concern that the ongoing climate change programme is coming at a time when few countries have enough money to fund it and consumers are struggling to cover a number of additional...Read More
When will we ever learn about overspending?
Even though there have been sporadic signs of recovery in the UK economy there is no doubt that the recession will leave a scar on the lives of many inhabitants of the UK. The fact that so many people have overspent and over-borrowed in the good times has now been exposed in its full glory leaving more and more people literally on the verge of a financial abyss. So will we ever learn about over-sp...Read More
Rumours of a merger between Orange and T-Mobile persist
In a startling revelation for the UK telecoms sector it has been revealed that T-Mobile and Orange could be merged under one owner if France Telecom decides to bid for the T-Mobile operation. Deutsche Telekom, the current owner of the T-Mobile operation, is under severe pressure from shareholders to try and realign the business and reduce debts. While officially there has been no announcement it i...Read More
UK utilities under pressure after Severn Trent shocks market
UK water utility company Severn Trent has today shocked the market with the announcement that falling commercial consumption will see revenues up to £25 million lower compared to last year, even though the company recently forecast a decline of just £15 million. This announcement has spooked investors and spooked the market at a time when utilities were seen by many as a safe haven in these stor...Read More