Monday, 11 October 2010

the long-term view

Way back in 1997 tuition fees were introduced at the level of £1000 per course per year. Just over a decade later and fees are over £3000 per year. Tomorrow we may even see the cap lifted completely allowing top universities to charge five figure sums for courses.

Sometimes we need to take a long-term view of developments. Very rarely will the true extent of a change in policy be apparent at first; this especially goes in areas which are politically sensitive. Take the ending universality of child benefit. The argument is that top rate taxpayers can do without it. Of course they probably can, but the loss of the universality principle introduces the potential for the eligibility criteria to be progressively tightened leading to groups lower on the income scale losing out.

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