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Could a graduate tax system work?

Despite the fact that the UK government has yet to make a final decision with regards to tuition fees and the introduction of the potential graduate tax in the UK, there are grave concerns about the proposed system. There is a feeling that high earners in the UK will be penalised to a greater extent than those on lower incomes and actually end up paying significantly more in graduate tax than the cost of their further education.

Against this background there is growing concern that many potentially high earners in the UK would look at overseas options for their university education in the future thereby avoiding a graduate tax in the UK. The whole situation regarding the cost of education is becoming shrouded in mystery and intrigue as the UK government appears to flip-flop between different ideas and different philosophies. Despite the fact that Vince Cable appears to be speaking for the government when he talks about a graduate tax, the unofficial word from number 10 Downing St. is that the UK government would rather see an increase in basic tuition fees.

Whatever happens with regards to the UK further education system there is a need to address potential budget shortfalls which will impact upon the level of service provided at some stage.

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