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Students who started university before 1998 pay interest set at the RPI rate. As a consequence of the 2012 change, students who graduated in 2017 pay between 3.1% and 6.1% interest, despite the Bank of England base rate being 0.25%. [69] In 2018, interest fees rose again, this time to 6.3% for anyone who started studying after 2012. [70]
Tax revenues as a percentage of GDP for the UK in comparison to the OECD and the EU 15. In 1971, the top rate of income tax on earned income was cut to 75%. A surcharge of 15% on investment income kept the overall top rate on that income at 90%. In 1974 the top tax rate on earned income was again raised, to 83%.
It stated "The Government plans to introduce an annual tuition fee of £1,000, representing about a quarter of the average cost of a course. Tuition will continue to be free for students from lower income families. Other full-time students will pay up to £1,000 per year depending on parental income.
James Gilray: The Friend of the People; & his Petty New Tax Gatherer paying John Bull a visit (1806) . The history of taxation in the United Kingdom includes the history of all collections by governments under law, in money or in kind, including collections by monarchs and lesser feudal lords, levied on persons or property subject to the government, with the primary purpose of raising revenue.
Poll tax (Great Britain) The Community Charge, commonly known as the poll tax, was a system of local taxation introduced by Margaret Thatcher 's government whereby each taxpayer was taxed the same fixed sum (a "poll tax" or "head tax"), with the precise amount being set by each local authority. It replaced domestic rates in Scotland from 1989 ...
The British undergraduate degree classification system is a grading structure used for undergraduate degrees or bachelor's degrees and integrated master's degrees in the United Kingdom. The system has been applied, sometimes with significant variation, in other countries and regions. The UK's university degree classification system, established ...
The rise of a powerful, concerted, and politically effective labour movement was one of the major socio-economic phenomena of the Edwardian years in the UK. Trade union membership more than doubled during this time, from 2 million people in 1901 to 4.1 million in 1913. [160]
Taxation itself took a number of forms in this period. The main tax was the geld, still based on the land, and unique in Europe at the time as being the only land tax that was universal on all the king's subjects, not just his immediate feudal tenants and peasants. It was still assessed on the hide, and the usual rate was 2 shillings per hide.