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.
FSA reveals traffic light warning system
As the FSA (Financial Services Authority) continues to reinvent the wheel, i.e. the UK regulatory system, a rather bizarre traffic light warning system has been revealed. The FSA wants to introduce a colour-coded system, very similar to the one in UK supermarkets, which would see the colour on a financial package reflect its perceived risk element. Mortgages, pensions, insurances and other investm...Read More
William Morrison concerned about UK market
William Morrison, the UK's fourth-largest supermarket chain, has today revealed figures showing a 0.9% like for like growth in the second quarter of 2010 against 0.8% growth in the first quarter. However, these figures are at the bottom end of analyst's expectations and as a consequence the shares have fallen this morning. However, Morrison's have a number of ideas for the future to try and combat...Read More
Calls to boycott Royal Mail
As we covered yesterday, this Christmas will be very difficult for those expecting gifts and cards through the post and many businesses may well see their cash flow impacted adversely by the proposed strike action at Royal Mail. Not only has the company allegedly lost a £25 million contract with Amazon but eBay and Argos are reviewing their arrangements ahead of the vital Christmas period. So wha...Read More
Energy providers take on Ofgem
The scene is set for a major battle between Ofgem, the energy regulator, and the army of UK energy companies. Ofgem has today accused energy companies across the UK of increasing their profit margins at a time when customers are struggling to make ends meet and indeed wholesale energy prices are falling. The regulator estimates that gross margins are now £170 for each dual fuel customer against a...Read More
Energy companies criticised for direct debit policies
The UK energy sector has come under renewed attack this week with the revelation more than 60% of UK households are currently in credit with their energy companies, where funding is collected by direct debit. The figures breakdown to show the average energy customer using direct debit to cover their charges has overpaid by £74 for electricity and £84 for gas.
A quarter of the UK p...