UPSU.net - Replies to forum topic "The budget: impact on students" http://www.upsu.net/go/int/rss/-/forums/v/message,27,3388.htm "info taken from bbc news: http://news.bbc.co.uk/1/hi/uk_politics/6472999.stm WINNERS AND LOSERS Those earning less than about £17,000 will lose from the abolition of the 10p tax rate but they should more than claw it back from working tax credit Anyone earning between about £17,000 and £40,000 a year will be better off (us students) before this budget there was another tax band before 17k. now thats gone, tax will be deducted at 20% rather than 10%. The government says that 20% is better than 22% b" ... (Click here to read the rest of this message) (by davidhandsclarke)

Visit upsu.net/forums to get chatting with the rest of the student community.]]> en-gb Thu, 22 Mar 2007 11:23:26 GMT Copyright: (C) 2008 UPSU.net - Portsmouth Students' Union online. Please visit www.upsu.net/conditions for conditions of use. admin [at] upsu.net http://www.upsu.net/rss/about 60 UPSU.net - Replies to forum topic "The budget: impact on students" http://www.upsu.net/templates/forums/images/forumimages/forums.jpg http://www.upsu.net/go/int/rss/-/forums/v/message,27,3388.htm Reply 2 to "The budget: impact on students" by mattblackall http://www.upsu.net/go/int/rss/-/forums/v/message,27,3396.htm#3396
This is because Mr Brown is apprently going to sell the outstanding debt to private companies for about £6billion- raising fears that they may start charging commerical rates of interests instead of the inflation set interest that are currently being charged.

This is because the treasury are losing out on money by having these loans, predicted to be about £1billion soon.

Anyway its been a while since i studied economics, so i dont know all the ins and outs of what is happening, but i have a good general understanding of it, but there is a tiny bit on here: http://www.nusonline.co.uk/news/274069.aspx

Matt

Message edited by: mattblackall at: 22/03/2007 11:24 ]]> http://www.upsu.net/go/int/rss/-/forums/v/message,27,3396.htm#3396 mattblackall Thu, 22 Mar 2007 11:23:26 GMT General discussion > General student chat Reply 1 to "The budget: impact on students" by thegumqueen http://www.upsu.net/go/int/rss/-/forums/v/message,27,3392.htm#3392 http://www.upsu.net/go/int/rss/-/forums/v/message,27,3392.htm#3392 thegumqueen Thu, 22 Mar 2007 08:19:25 GMT General discussion > General student chat