May launches review of high UK university fees, promising fairer deal

Britain's Prime Minister Theresa. (AFP)
Updated 19 February 2018
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May launches review of high UK university fees, promising fairer deal

LONDON: Britain could reduce the burden of university fees on students and bring back grants for their living expenses, Prime Minister Theresa May will say on Monday, under pressure to lure younger voters a year after they cost her parliamentary majority.
May’s predecessor David Cameron, a fellow Conservative, tripled the cost of tuition for students from England and Wales to 9,000 pounds a year ($12,640), many times higher than the fees other EU countries charge their citizens. In 2016, the government also phased out all grants to help poorer students with living costs, replacing them with loans.
The opposition Labour Party says it wants to eliminate student fees and restore grants.
May’s Conservatives, or Tories, have long defended their approach, arguing that requiring students to pay helps fund more places so more people can study, and puts more of the burden of the cost of higher education on those who benefit most from it.
Students do not have to make payments on their loans unless they earn above a minimum threshold, although they continue to accrue interest. Unpaid balances are wiped out after 30 years.
But the system is extremely unpopular with younger voters, angry about being the first British generation to start their careers carrying tens of thousands of pounds of debt. Young people voted heavily against the Conservatives in an election last year that surprisingly erased May’s majority, forcing her to form a minority government.
May will acknowledge that Britain now has “one of the most expensive systems of university tuition in the world,” and pledge to make it fairer, according to excerpts from her speech released in advance by her office.
“All but a handful of universities charge the maximum possible fees for undergraduate courses. Three-year courses remain the norm. And the level of fees charged do not relate to the cost or quality of the course,” she will say.
The review “will examine how we can give people from disadvantaged backgrounds an equal chance to succeed,” including looking at grants for poor students, her office said.
Education Secretary Damian Hinds said on Sunday that students could be charged variable tuition rates depending on the economic value of degrees in the subjects they study.
“What we need to look at is the different aspects of pricing, so the cost to put on the course, the value it is to the student and also the value to our society as a whole and to our economy for the future,” he told BBC’s Andrew Marr show.
The opposition said such a system would only serve to lock poor students out of the best-paid professions.
“Charging more for the courses that help graduates earn the most would put off students from the most disadvantaged backgrounds from getting those same qualifications,” Labour education spokeswoman Angela Rayner said on Twitter.
“So much for the PM’s talk about social mobility. The Tories really haven’t grasped the reality of social mobility.”
Earlier on Sunday, a parliamentary committee said the government should cut the interest rate it charges on student loans, which are pegged at 3 percentage points above retail price inflation. The current rate of 6.1 percent is higher than most banks charge for mortgages or unsecured personal loans.
The British parliament’s Treasury Committee said the use of RPI as a benchmark was unfair, and the 3 percentage point premium introduced in 2012 was hard to justify.
“The government must reconsider the use of high interest rates on student loans,” said Nicky Morgan, Conservative chair of the cross-party committee. ($1 = 0.7120 pounds)


Bangladesh votes in world’s first Gen Z-inspired election

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Bangladesh votes in world’s first Gen Z-inspired election

  • Ousted PM Hasina’s Awami League party banned
  • BNP, Jamaat in close race with big economic, geopolitical stakes
DHAKA: For years under former Prime Minister Sheikh Hasina, Bangladesh’s opposition had little presence on the streets during elections, either boycotting polls or being sidelined by mass arrests of senior leaders. ​Now, ahead of Thursday’s vote, the roles have reversed.
Hasina’s Awami League is banned, but many young people who helped oust her government in a 2024 uprising say the upcoming vote will be the Muslim-majority nation’s first competitive election since 2009, when she began a 15-year-rule.
The Bangladesh Nationalist Party (BNP) is widely expected to win, although a coalition led by the Islamist Jamaat-e-Islami is putting up a strong challenge. A new party driven by Gen-Z activists under the age of 30 has aligned with Jamaat after failing to translate its anti-Hasina street mobilization into an electoral base.
BNP chief Tarique Rahman told Reuters his party, which is contesting 292 of the 300 parliamentary seats at stake, was confident of winning “enough to form a government.”
Analysts say a decisive result in the February 12 vote, instead of a fractured outcome, is vital for restoring ‌stability in the nation of ‌175 million after Hasina’s ouster triggered months of unrest and disrupted major industries, including ‌the garments ⁠sector ​in the ‌world’s second-largest exporter.
The verdict will also affect the roles of rival regional heavyweights China and India in the South Asian nation.
“Opinion polls suggest the BNP has an edge, but we must remember that a significant portion of voters are still undecided,” said Parvez Karim Abbasi, executive director at Dhaka’s Center for Governance Studies.
“Several factors will shape the outcome, including how Generation Z — which makes up about a quarter of the electorate — votes, as their choices will carry considerable weight.”
Across Bangladesh, black-and-white posters and banners bearing the BNP’s “sheaf of paddy” symbol and Jamaat’s “scales” hang from poles and trees and are pasted on roadside walls, alongside those of several independent candidates. Party shacks on street corners, draped in their emblems, blare campaign songs.
It marks a sharp ⁠contrast with past elections, when the Awami League’s “boat” symbol dominated the landscape.
Opinion polls expect the once-banned Jamaat, which had opposed Bangladesh’s India-backed 1971 independence from Pakistan, to have its best electoral ‌performance even if it does not win.

China’s influence increases as India’s wanes
The election verdict ‍will also influence the roles of China and India in Bangladesh ‍in coming years, analysts have said. Beijing has increased its standing in Bangladesh since Hasina was seen as pro-India and fled to ‍New Delhi after her ouster, where she remains.
While New Delhi’s influence is on the wane, the BNP is seen by some analysts as being relatively more in tune with India than the Jamaat.
A Jamaat-led government might tilt closer to Pakistan, a fellow Muslim-majority nation and a long-standing rival of Hindu-majority India, analysts say. Also, Jamaat’s Gen-Z ally has said “New Delhi’s hegemony” in Bangladesh is one of its main concerns and its leaders met Chinese diplomats recently.
Jamaat, which calls ​for a society governed by Islamic principles, has said the party is not inclined toward any country.
BNP’s Rahman has said if his party formed the government it would have friendly relations with any nation that “offers what is suitable for ⁠my people and my country.”
Bangladesh, one of the world’s most densely populated countries with high rates of extreme poverty, has been hit by high inflation, weakening reserves and slowing investment, which has pushed it to seek large-scale external financing since 2022, including billions of dollars from the International Monetary Fund and the World Bank.
Corruption is the biggest concern among the 128 million voters, followed by inflation, according to a survey by Dhaka-based think tanks Communication & Research Foundation and Bangladesh Election and Public Opinion Studies.
Analysts say Jamaat’s clean image is a factor in its favor, much more than its Islamic leanings.
“Voters report high intention to participate, prioritize corruption and economic concerns over religious or symbolic issues, and express clear expectations for leaders who demonstrate care, competence and accountability,” said the survey.
Nevertheless, BNP’s Rahman, son of former Prime Minister Khaleda Zia, is seen as the frontrunner to lead the next government. But if the Jamaat-led coalition emerges ahead, its chair, Shafiqur Rahman, could be in line for the top job.
Mohammad Rakib, 21, who is set to vote for the first time, said he hoped the next government would allow people to express their views and exercise their franchise freely.
“Everyone ‌was tired of (Hasina’s) Awami League. People couldn’t even vote during national elections. People had no voice,” he said. “I hope the next government, whoever comes into power, will ensure this freedom of expression.”