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Having studied at a U.K. university teaching and education knowing U.K. students myself I think I can say that a tripling of tuition cost is quite the kick in the teeth. More so for the students attending college for useful degrees at lower level institutions than for the aristocracy at Oxbridge being groomed for politics and running daddy’s multinational corporation.

The austerity measures are necessary, and I am glad the government has the guts to go through with the cuts. However, I would say that cutting money from education is generally being very near-sighted. The true movers of economic growth are ultimately education (more productive labour) and technology (more productive capital). Education should always be the last thing on the chopping block in my opinion, because every dollar you cut from investment in education today, will likely be several more dollars in GDP growth in the future.

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