Abolishing tuition fees is a wasteful electoral bung – but it works

I want to first address the arguments against the pledge that don’t work.

 

The first, and most frequently deployed, is about people who don’t go to university subsidising those who do. The difficulty here is that they are already under the current system. After 30 years, the debt is written off by the Treasury, a bill paid out of, you guessed it, general taxation.

 

(Though because our tax system is already fairly progressive, this bill is again, predominantly paid by higher-earning graduates as well.)

 

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