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| UCU advises universities to abolish tuition fees |
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Originally published on March 9th 2010 THE UK’S most prominent lecturer’s union believes that tuition fees should be abolished and that a new business tax should be used to fund universities.
The University and College Union (UCU) says corporate tax loopholes should be closed, which could yield £800m more in revenue per year. That is enough to fund 100,000 students. UCU also stated that corporate tax should be raised to 32.87 per cent, or the G7 average. “The future for the UK is as a high-skilled knowledge economy and that requires business to pay its fair share towards something which benefits us all. We believe our proposals will be welcomed by hardworking families who want their children to benefit from education but are put off by the potential debts created by university fees,” said UCU in a statement. UCU philosophy is that as businesses benefit from higher education, they should contribute as much if not more as students, families and the state. The announcement comes in a fiscal year in which £900m in university cuts were either approved or implemented. In the current economy, tuition fees would have to rise to £7,000 in order to close the spending gap between the UK and other countries. According to the Confederation of British Industry, each pound of loaned money costs the Treasury 33 pence. The Department for Business, Innovation and Skills has reportedly commissioned a review of student finance and university funding. The review will be headed by Lord Browne. “The panel is currently gathering evidence and we will not pre-empt the findings of the review,” the department said in a statement. Tax Research UK director Richard Murphy supports UCU’s position, telling the BBC: “This tax pays for the investment we need if the future of British business is to be secured.” UCU has previously campaigned in Edinburgh against the cuts to Moray House’s teaching training programmes.
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