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.
Energy regulator steps up pressure on energy companies
It has today been revealed that Ofgem, the regulator for the energy industry, is unhappy about the speed at which the UK energy providers are stripping out over £500 million of excess premiums, much of which are charged to those with prepayment meters. While progress is being made on the £500 million savings there are concerns that the energy companies are "dragging their feet" at a time when pr...Read More
Younger drivers more cautious about old bangers
People aged between 18 and 34 are more cautious when making car purchases than older drivers, researching more and taking advice, according to new research.Experian reports that while 40.6 per cent those between the ages of 18 and 34 discuss their potential purchase with friends, only 19.5 per cent of buyers over the age of 35 do the same.Over 26 per cent of younger buyers take recommendations fro...Read More
British Gas reports drop in profits
20/02/2014 British Gas have reported a small drop in profits from their residential business in 2013, citing factors such as warmer weather and increasing wholesale costs. Operating profit for the full year was recorded at £571 million, a 6% reduction from £606 million in 2012. Furthermore, parent company Centrica also posted a small reduction in profits during the same time period as they...Read More
Is The UK Car Market Set To Suffer?
As talk of the credit crunch centres on the housing and property market there are signs that it is having an impact upon the car market. Over the last few years we have seen more and more UK car purchases financed by credit, a line which can often bring in useful commission for car retailers. However, as the credit crunch continues to strangle the money markets there are signs that car sales are...Read More
Power generation firms given £1bn pay out from Government
19/12/2014 Power generation firms have received a close to £1 billion pay out from the government to ensure their plants stay open and to reduce the treat of power cuts in the coming years. The pay out will also go towards building a large independent gas plant at Trafford, the Department of energy has said. The amount paid will add around £11 to each average household energy bill, bu...Read More