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Proceeding contribution from George Osborne (Conservative) in the House of Commons on Wednesday, 20 October 2010. It occurred during Ministerial statement on Comprehensive Spending Review.


Comprehensive Spending Review

My hon. Friend is absolutely right, and he has considerable experience in this area. The problem with the graduate tax, which we honestly looked at and honestly considered—[Interruption.] Actually, an enormous amount of work was done in looking at the feasibility of the graduate tax, some of it by the previous Government: the shadow Chancellor was the higher education Minister who ruled out a graduate tax, and under the previous Government the education Department published a paper about why it would not work. As I have said, we looked at this idea carefully—we approached it in a genuinely open-minded way—but there were many disadvantages to it. One of them was that it would represent a massive centralisation of the university system with, basically, the Treasury controlling, almost to the last pound, how much different universities would get. That is why, as I understand it, the Russell group of universities—for a start—are completely against it.


Secondary information

Type
Proceeding contribution
Reference
516 c983 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Child tax credit Compensation Crime prevention Disadvantaged Benefits rules Cost effectiveness Defence BBC Age Contributions Devolution Capital investment Civil servants Development aid Civil list Fares Housing benefit Government departments Interest charges Economic situation Equitable Life Assurance Society NHS Police Local government finance Workplace pensions Public sector Public bodies Public expenditure Pupils Railways Redundancy Non-departmental public bodies Midland Metro Public finance M25 Public sector debt Social security benefits Welfare tax credits State retirement pensions Working tax credit Terrorism Schools Reform Social rented housing Reviews Retirement Science Tyne and Wear Metro Security of tenure S4C Sure Start programme BBC World Service A3 Cuts Employment and support allowance M4 M62 M5 Olympic Games 2012 Presbyterian Mutual Society Departmental expenditure limits Bank levy Green Investment Bank A11 Birmingham New Street Station
Link
View this Proceeding contribution on www.publications.parliament.uk