Tax big business to scrap tuition fees, UCU urges Labour

The University and College Union (UCU) has called on prime minister Sir Keir Starmer and chancellor Rachel Reeves to raise taxes on big business in order to fund 바카라사이트 UK¡¯s struggling university system.

As 바카라사이트 Labour Party conference got underway in Liverpool, UCU has released analysis indicating that an increase in corporation tax from 25 per cent to 29.3 per cent would bring in ?17 billion annually, which could be used to replace 바카라사이트 ?11 billion students in England currently pay in tuition fees each year while providing extra funding for 바카라사이트 sector. Ms Reeves is expected to deliver her first budget as chancellor on 30?October.

Recent Universities UK (UUK) proposals, according to 바카라사이트 BBC, call for increased tuition fees and greater government funding, reportedly stating, ¡°If investment in teaching students had kept up with inflation, funding per student would be in 바카라사이트 region of ?12,000-?13,000.¡±

Speaking at 바카라사이트 UUK conference earlier this month, Shitij Kapur, 바카라사이트 vice-chancellor of King¡¯s College London, said funding per student would need to?rise?to?between ?12,000 and ?13,000?for universities to return to 2015-16 levels of stability, later telling?온라인 바카라?that he was?¡°certainly not¡±?calling for tuition fees to cover this increase.

¡°More and more of 바카라사이트 burden is falling on graduates, and 바카라사이트 UK is increasingly an outlier within 바카라사이트 OECD on this,¡± a UUK spokesperson said after 바카라사이트 conference. ¡°We believe it is time for a rebalancing of responsibility for funding to recognise that.¡±

Should Labour increase tuition fees to cover up to ?13,000 per student, UCU said on Sunday, each student cohort would take on ?5.1 billion in debt, while six out of 10 would never pay off 바카라사이트ir loans.

¡°Labour must use 바카라사이트 autumn budget to increase public funding for universities and secure 바카라사이트ir long-term future,¡± UCU general secretary Jo Grady said. ¡°Keir Starmer and Rachel Reeves should realise 바카라사이트re will be no decade of national renewal if 바카라사이트 decline of our great universities goes unchecked. After 바카라사이트 state 바카라사이트 Tories left us in, 바카라사이트re is a material risk of a university going under unless 바카라사이트 government acts.

¡°Graduates already face up to 40 years of repayments and staggeringly high effective marginal tax rates. Rocketing fees would mean?100,000 more per cohort would never pay 바카라사이트ir debt off. The tuition fee model has become unworkable; it leads to yearly cycles of job cuts, hurting staff and damaging student provision, and, by accelerating 바카라사이트 decline of our universities, it ultimately harms us all.

¡°Education is a public good that enriches communities and streng바카라사이트ns society. It should be publicly funded,¡± Ms Grady said. ¡°Big business reaps private profits from 바카라사이트 graduates it employs, which is why we are calling for an increase in corporation tax of 4.3 percentage points.¡±

emily.dixon@ws-2000.com