What did we learn from Labour’s tuition fee announcement last week?
The headline message seems to be about small adjustments, rather than radical reform.
There’s some potential good news for poorer students and graduates, but little for universities feeling the financial pinch.
The core message, “graduates, you will pay less” has to mean either reducing the repayment rate or increasing the threshold at which repayments start. The popular guess is that this means something along the lines of the “effective tax cut’ scenario proposed by London Economics last month.
