It should be noted the trends seen last year may not necessarily be repeated in 2023. The typical prices of items that students often take to university with them, such as kettles, pots and saucepans, irons and air fryers also increased in 2022 between August and September, PriceSpy found. These are the items that typically increased in price: Last year, the price of some common items used by school and university students jumped between August and September, according to price and product comparison service PriceSpy. However, if you are waiting until autumn to buy back-to-school items, you may end up paying more, analysis by a website suggests. Workloads are unmanageable, summer pressures are almost as bad as winter ones and there's a growing waiting list that swells with every strike day.Īny Trust leader will tell you, as they tell me, the situation has to be resolved - it's simply not sustainable.įor many families, the summer holidays serve as a time to stock up on fresh uniforms and school supplies before the start of the new term. And they will do it too unless the deadlock is broken.ĭr Robert Gittins is so fed up with being an NHS medic that he has already made plans to quit the UK for Australia later this year.Ĭurrent recruitment and retention issues make already low morale even worse. One of the striking doctors I spoke to has already cast his ballot to extend the BMA's mandate for strike action until December. They and the government remain as entrenched as ever and there is no resolution in sight. The strength of feeling among these striking medics has not diminished in any way. There were more TV cameras and journalists than junior doctors at the UCHL picket line this morning.īut don't let the sparse attendance fool you. Meanwhile, if a graduate earning £30,000 put that same 9% into a pension, they could have an extra £43,327 by the time they retire (at a cost to them of £12,138, with the rest from tax relief, employer contributions and investment growth). The new plan terms mean that most graduates taking out full loans from this year face the prospect that they will still be repaying their loan well beyond the current normal minimum pension age of 55 (rising to 57 in 2028).Īlthough the amount on offer varies, if a student takes out the maximum tuition fee loan (£9,250 a year) and maintenance loan (£13,022 a year if in London), they could end up owing £66,816 by the time they graduate.Īccording to analysis by Pension Bee, a graduate whose £30,000 starting salary increases by 2% a year for 40 years would be repaying the loan for the full 40 years - the total they would repay over the 40-year period would be £27,180 (starting at £450 a year and rising to £974 in the 40th year).Įven someone who started off on a higher-than-average graduate starting salary of £35,000, and experiencing the same salary increases, could face repaying the full loan for the maximum 40 years, managing to repay £54,361 in those four decades. Repayments begin at a rate of 9% of earnings over £25,000 with the interest rate for Plan 5 loans currently capped at 7.1% - but this is not guaranteed and is subject to change. This means some of today's students could find they are making the last of their loan repayments from their pension income, according to Pension Bee. Under previous plans, debts are written off after 30 years, yet these new loans will not be written off until 40 years from the April after someone leaves university. Those heading off to university for the first time will be taking out the new Plan 5 loan. This year's freshers face paying off their student loans into retirement under a new 40-year term, according to an online pension provider. "Even if this only helps one bar make it through their toughest month ever, then I'll be happy we did something," Mr Petszaft added.īy Megan Baynes, cost of living specialist The majority of the company's customers are independent retailers and bars that have been working alongside the brand for decades. Someone had to do something, and if not us then who?" You don't stand by while your neighbour's house is burning. He added: "This 10% hike couldn't have come at a worse time. "At a time when consumers can ill afford to be paying more, this will continue to stoke inflation," Justin Petszaft, Master of Malt founder, said in a statement to Sky News. The duty rose by 44p on a bottle of wine and about 90p on a bottle of gin or vodka.įor beer drinkers, the government cut the duty on draught pints by 11p. The deal will be available until the end of August.Įarlier this month, most wines and spirits increased after the government upped the tax paid on alcohol. Master of Malt is hoping the move will help retailers and bars cope with the recent rise in duty rates. An online booze seller is refunding the alcohol duty increase to UK customers at check-out.
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