FUCK FUTURE FINANCE – THE FRIGHTENING REALITY OF PRIVATE STUDENT LOANS

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By Lewis Martin

CW: mentions suicide.

Sometimes targeted adverts reveal to you more than you wanted to know. I’ve recently been experiencing facebook ads for Future Finance, a company that offers loans of up to £40,000 to students, with an interest rate of 17.45% APR for all the time that you’re studying. To put that in perspective, if you borrowed £7000 over 5 years, you’d have repaid a stonking £11,223 by the time you’ve paid it off. This eye watering example reveals both the current state of Higher Education financing and a frightening future that is increasingly intruding on the present.

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HELPING PEOPLE SEE THE ECONOMY ANEW

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by Justin Reynolds

Why, 10 years after a crisis of capitalism that has entrenched inequalities and insecurity, does the left still struggle to convince a sceptical public that an alternative economics is possible? That question was the focus of one of several intriguing sessions at The Norwich Radical’s recent War of Words conference. A new report by the New Economics Foundation (NEF) attempts to answer it.

Framing the Economy argues that progressives need to spend less time discussing the detail of economic policy and more on telling simple stories about how the economy works that people can understand. The project grew from a recognition that the right has long been better than the left at presenting ‘common sense’ understandings economic mechanisms.Continue Reading

THE FATAL FLAW IN ECONOMICS FUNDING

by REFunding Economics

As the old saying goes, ‘He who pays the piper calls the tune’. This week, a coalition of economics students, academics and campaigners gathered to get inside the piper-paying process – the funding of economics research – to create an economics fit for the real world.

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UEA: BANKING ON IMMORALITY

by Lewis Martin

If it’s not one thing it’s another with UEA. Weeks after their announcement that they’ve finally divested from fossil fuel companies, People and Planet UEA have discovered that the university has nearly £23 million invested with Barclays Bank. This won’t be particularly surprising to most – there is a branch on campus after all – but it shows the university’s ongoing decision to disregard the unfolding environmental and ethical situation of the world it operates in.

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PUTTING A PRICE ON DISABILITY

by Lewis Martin

Last semester at University I was diagnosed as suffering from learning disabilities (Specific Learning Difficulties (SpLDs)). Whilst the diagnoses of having ADHD, Dyspraxia and Dysgraphia didn’t come to much of a shock to me, the fact that I then had to pay £100 in order to be diagnosed did.Continue Reading

THE UK POSTGRADUATE STUDY CRISIS MUST END

by Bradley Allsop

Postgraduate study and research is a vital part of the higher education sector and yet in the UK it is in crisis, riddled with multiple, endemic problems.

Firstly, there are systemic problems with postgraduate study in terms of who even gets through the door. Research has shown that, graduates who are women, from certain ethnic minority groups or from lower socio-economic backgrounds are less likely to go on to study at postgraduate level. This is a social injustice in itself, and raises serious questions about the cultures and systems that exist within both academia and society more generally, but it is also to the detriment of academia: academia thrives on diversity.Continue Reading

LOOKING BEHIND THE NUMBERS – RICHARD MURPHY

By Olivia Hanks

Richard Murphy is in some ways an unlikely figure. A tax expert and former accountant, his views are resolutely anti-establishment: asked on air in 2012 to name the greatest threats to democracy, he responded “Deloitte, KPMG, PwC and Ernst & Young”. Yet despite having some vociferous critics (as you would expect for someone whose raison d’être is forcing the wealthy to pay their share of tax), his influence is now being felt: as the architect of country-by-country reporting, which requires corporations to publish figures for every country in which they operate so that it is clear when profit has been moved into low-tax jurisdictions, he has helped to create a framework for taxation transparency worldwide. Country-by-country reporting has now been adopted by the OECD and the EU.Continue Reading