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Showing posts with label Gove. Show all posts
Showing posts with label Gove. Show all posts

Friday, 20 May 2016

Friday, May 20, 2016 Posted by Hari No comments Labels: , , , , ,
Fee, Chris and KJ work out what's behind it all...

SOURCE GUARDIAN: Gove's prison reform cannot undo the harm already inflicted by cuts
In the 12 months leading up to March 2013 there were 52 self-inflicted deaths in custody, three years later there were 100 – an increase of 92%. In 2012 there were 23,158 incidents of self-harm and three years later there were 32,313 – an increase of 39%. The number of serious assaults in the same period was approximately 1,200 and three years later it was 2,813 – an increase of approximately 130%. Between 2010-11 and 2014-15 the National Offender Management Service (Noms) made cumulative savings of almost £1bn and the savings made in public sector prisons were £334m. A large chunk of these savings was made by shedding staff while the prison population continued to grow.


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Thursday, 10 April 2014

Thursday, April 10, 2014 Posted by Jake 9 comments Labels: , , , , , ,
Did they or didn't they? Did the Tories abolish the 50% tax rate, or didn't they. 

Actually, they did and they didn't: 

a) They Did: People earning more than £150,000 have been spared the 50% rate (52% including 2% National Insurance). 

b) They Didn't: People with student loans earning more than about £43,000 are heading for a 51% rate (including 2% National Insurance).

This is illustrated by a graph in the IFS report "Payback time? Student debt and loan repayments: what will the 2012 reforms mean for graduates?" showing the marginal tax rate for people repaying student loans.

Graduates will start paying an additional 9% of their earnings once their pay exceeds £21,000. The 40% income tax rate kicks in at about £43k (assuming 1% annual increases in the upper earning limit). Marginal rate = 40% (income tax) + 2% (NIC) + 9% (Student Loan) = 51%.


Added on 5th December 2014, after the Autumn Statement:
The government announced a new £10,000 postgraduate student loan, starting in the 2016/17 academic year, to be repaid concurrently with the undergraduate loan. The Institute of Fiscal Studies (IFS) calculated the effective marginal 'tax' rate for a postgraduate who took loans for both undergraduate and postgraduate studies. Paul Johnson, boss of the IFS, stated this highly qualified individual once over the £21,000 earnings threshold would be paying 50% as a basic rate taxpayer, and 60% as a higher rate taxpayer:

"it is worth saying that those who take out the loan would face rather high effective marginal withdrawal rates on earnings of 50% for basic rate taxpayers (20% income tax, plus 12% NI, plus 9% repayment of undergraduate loan, plus 9% repayment of postgraduate loan) and 60% for higher rate taxpayers."

Friday, 17 January 2014

Friday, January 17, 2014 Posted by Hari 1 comment Labels: , , ,
KJ, Chris and Fee get to the heart of the public/private debate...

Friday, 18 October 2013

Chris, Fee and KJ wonder whether Michael Gove has been over-reaching himself...


Tuesday, 5 March 2013

Tuesday, March 05, 2013 Posted by Hari 1 comment Labels: , , ,
Cameron can only look on...


Tuesday, 17 January 2012

Tuesday, January 17, 2012 Posted by Hari No comments Labels: , , , , , ,
Chris, Fee and KJ weigh up Michael Gove's suggestion for a £60m royal yacht against his education cuts

Monday, 20 June 2011

All politicians pretend they have more knowledge on a subject than they actually do, but one man trumps them all

Wednesday, 30 March 2011

Wednesday, March 30, 2011 Posted by Hari No comments Labels: , , , , , , ,
Chris and his wife lament the effect today's economic cuts will have on tomorrow's hopefuls

Friday, 3 December 2010

Friday, December 03, 2010 Posted by Hari No comments Labels: , , , , ,
Why giving your time for free is the perfect CV material

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