Scottish tuition fees system to be revised
The very fact that students in Scotland do not pay any fees towards their further education has been a bone of contention with English counterparts for many years. However, despite the fact that Vince Cable this week suggested the possible introduction of a graduate tax it would appear that the Scottish authorities are looking at a "uniquely Scottish solution". So what could this be?
At this moment in time it seems unlikely that the Scottish government will go down the same route as their English counterparts although with funding cuts set to hit home in the short to medium term something will need to be done. Scotland has a very healthy further education system, assisted by the lack of tuition fees charged to students, and this is something which the government would obviously want to maintain. Quite how this will happen remains to be seen, especially in the current economic climate!
The subject of a graduate tax has caught the headlines of many newspapers and many websites over the last week and while there are pros and cons for this particular idea there is no certainty that it will be introduced into the UK. This is just one of a number of major reforms which the UK government is considering at the moment across a wide spectrum of public services and sectors.
Share this..
Related stories
Have you received your revenue tax letter?
HM Revenue and Customs will today be ready for a flood of complaints as the first batch of tax correction correspondence drops on the mats of many people across the UK. It is believed upwards of 6 million people may well have paid the wrong tax in the past with some due a rebate and others facing an average repayment to the revenue of £1428. Looking back at the history of problems regarding UK...
Read MoreCould a global banking tax save Gordon Brown?
It seems that each and every day sees a new supporter of the proposed worldwide banking tax, otherwise known as the "Tobin tax" or the "Robin Hood tax", but will this new tax actually make it onto the statute books? While there is still great resistance from the UK banking arena, and the worldwide banking arena, if we see another economic downturn around the world in the short term it is likely...
Read MoreHelpful new tax year facts that could affect you and your money
1. Tax- free savings
In the new tax year you can enjoy a new Personal Savings Allowance which means that, if you have a taxable income of between £17,000 and £43,000 a year, you can earn up to £1,000 a year of interest in savings and current...
Read MoreStamp duty 'should be cut', surveyors say
Stamp duty on home sales must be reduced in order to stimulate the property market, the Royal Institution of Chartered Surveyors (Rics) has said.The body issued the call in the wake of further gloomy news on UK house prices: with research firm Hometrack finding that the average property lost 1.8 per cent of its value last month.Rics proposes that the current stamp duty obligation should be rejigge...
Read MoreWhat will Alistair Darling do next week?
We are already starting to see various leaks in the financial press regarding the pre-budget report which will be announced by Alistair Darling next week. Despite the fact that Parliament is supposed to be the place where the pre-budget report is announced, there have been various well-placed leaks in the press this week and we will see more next week. So what can we expect to see? There is alr...
Read More