A graduate tax is the fairest solution

As a sixth-former, I think a graduate tax would increase social mobility and maintain world-class hi

When hundreds of thousands of students take out their iPod headphones and tear themselves away from Call of Duty to rally in the streets, you know the government has done something seriously wrong. After all the pre-election talk of a fairer education system, why does the coalition think that increasing tuition fees and slashing the teaching budget by 80 per cent will achieve this?

Make no mistake, the steep rise in fees will stop huge numbers of bright, but less affluent students from applying to university. Coupled with higher interest rates on these fees, it creates a daunting prospect. As a sixth-form pupil, I can confirm that there is a growing attitude within our year group at school that university is becoming an unaffordable option. This is not only completely unfair, but crucially, it also reduces Britain's ability to produce a high-quality workforce. Surely the government cannot ignore the long-term problems of restricting university access only to those who can afford it? They wouldn't be making such important policies while only thinking ahead as far as the next election, would they?

It's fine to complain – and even to take to the streets in protest – but that is pointless unless solutions can be found. One alternative being explored is the introduction of a graduate tax, a policy endorsed by the Labour Party and the National Union of Students. It seems a good solution – allowing the abolition of upfront fees, replaced by the introduction of a heavier income tax on graduates (an additional 0.3-2.5 per cent) based on the type and location of the course. This tax would last for roughly 20 years and would be paid only if the graduate was employed and earning in excess of £15,000 a year.

This would be fairer than the current system, because lower-income graduates would bear less of a burden than if they paid a fixed price for fees. This in turn would create an incentive for students from a low-income background to strive for higher education, increasing social mobility. Of course, higher-income graduates might end up paying more under the system – but then, they can afford to.

The graduate tax also prevents huge debts in interest payments accumulating, making it an efficient way of funding higher education. And it would prevent the creation of a market in fees, which would force students to choose their university based on price. Admittedly, graduate tax would fall hardest on those whose education costs were high and salaries were low – this would include those in vital jobs such as teaching, social work and nursing. But this can be counteracted by reducing the rate of graduate tax in these sectors of employment. After all, such a tax would raise more revenue in the long run than the proposed fees system.

But would a graduate tax work in reality? When Vince Cable first hinted at the possibility, he described it as a "variable graduate contribution tied to earnings", cunningly avoiding the lead balloon that is the word "tax". It shows how clever wording and public image have become more important than policy.

Inevitably, there are criticisms of the graduate tax. Russell Group universities are opposed because they fear they would only get the same level of funding from the tax as less elite institutions. Yet this doesn't have to be the case – funding could be linked to how much tax revenue is gained from that university's graduates. For example, if Oxford students paid 10 per cent of the national total of graduate of tax that year, then Oxford would receive the same 10 per cent as their funding.

Admittedly the setting up of a trust fund to collect graduate tax, and funding the universities during the lag time between the introduction of a graduate tax and when its full benefits are reaped, would be a sizeable task – but a worthwhile one in the long run.

Call me an idealist, but an efficient graduate tax could completely remove the burden of higher education from the general taxpayer. Even so, a combination of graduate tax and government funding derived from general taxation should be the answer to funding a world-class standard of higher education. I still think that the taxpayer should contribute to higher education because of the benefits to Britain of having highly educated workers. After all, the next generation of workers will be the ones driving the economy – while those who have enjoyed heavily subsidised higher education in past decades sit back and draw their pensions.

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UnHerd's rejection of the new isn't as groundbreaking as it seems to think

Tim Montgomerie's new venture has some promise, but it's trying to solve an old problem.

Information overload is oft-cited as one of the main drawbacks of the modern age. There is simply too much to take in, especially when it comes to news. Hourly radio bulletins, rolling news channels and the constant stream of updates available from the internet – there is just more than any one person can consume. 

Luckily Tim Montgomerie, the founder of ConservativeHome and former Times comment editor, is here to help. Montgomerie is launching UnHerd, a new media venture that promises to pull back and focus on "the important things rather than the latest things". 

According to Montgomerie the site has a "package of investment", at least some of which comes from Paul Marshall. He is co-founder of one of Europe's largest hedge funds, Marshall Wace, formerly a longstanding Lib Dem, and also one of the main backers and chair of Ark Schools, an academy chain. The money behind the project is on display in UnHerd's swish (if slightly overwhelming) site, Google ads promoting the homepage, and article commissions worth up to $5,000. The selection of articles at launch includes an entertaining piece by Lionel Shriver on being a "news-aholic", though currently most of the bylines belong to Montgomerie himself. 

Guidelines for contributors, also meant to reflect the site's "values", contain some sensible advice. This includes breaking down ideas into bullet points, thinking about who is likely to read and promote articles, and footnoting facts. 

The guidelines also suggest focusing on what people will "still want to read in six, 12 or 24 months" and that will "be of interest to someone in Cincinnati or Perth as well as Vancouver or St Petersburg and Cape Town and Edinburgh" – though it's not quite clear how one of Montgomerie's early contributions, a defence of George Osborne's editorship of the Evening Standard, quite fits that global criteria. I'm sure it has nothing to do with the full page comment piece Montgomerie got in Osborne's paper to bemoan the deficiencies of modern media on the day UnHerd launched. 

UnHerd's mascot  – a cow – has also created some confusion, compounded by another line in the writing tips describing it as "a cow, who like our target readers, tends to avoid herds and behave in unmissable ways as a result". At least Montgomerie only picked the second-most famous poster animal for herding behaviour. It could have been a sheep. In any case, the line has since disappeared from the post – suggesting the zoological inadequacy of the metaphor may have been recognised. 

There is one way in which UnHerd perfectly embodies its stated aim of avoiding the new – the idea that we need to address the frenetic nature of modern news has been around for years.

"Slow news" – a more considered approach to what's going on in the world that takes in the bigger picture – has been talked about since at least the beginning of this decade.

In fact, it's been around so long that it has become positively mainstream. That pusher of rolling coverage the BBC has been talking about using slow news to counteract fake news, and Montgomerie's old employers, the Times decided last year to move to publishing digital editions at set points during the day, rather than constantly updating as stories break. Even the Guardian – which has most enthusiastically embraced the crack-cocaine of rolling web coverage, the live blog – also publishes regular long reads taking a deep dive into a weighty subject. 

UnHerd may well find an audience particularly attuned to its approach and values. It intends to introduce paid services – an especially good idea given the perverse incentives to chase traffic that come with relying on digital advertising. The ethos it is pitching may well help persuade people to pay, and I don't doubt Montgomerie will be able to find good writers who will deal with big ideas in interesting ways. 

But the idea UnHerd is offering a groundbreaking solution to information overload is faintly ludicrous. There are plenty of ways for people to disengage from the news cycle – and plenty of sources of information and good writing that allow people to do it while staying informed. It's just that given so many opportunities to stay up to date with what has just happened, few people decide they would rather not know.