Raise university tuition fees using current CPI, not forecasted RPIX

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Raise university tuition fees using current CPI, not forecasted RPIX

Petition Details

This petition urges the government to use CPI (currently at 0.5%) to increase tuition fees instead of the 2.8% forecasted rate from the Office of Budget Responsibility. This rate will benefit students more, whilst also covering the cost of inflation for universities.

Additional Information

Due to the HE Bill universities are already publishing new tuition fees of £9250 per year, an increase of just under 2.8%. Currently, no rate of inflation published by ONS is close to 2.8% and RPIX, the rate the government is making calculations on, is only 1.5%. 2.8% is a 10 year forecast for RPIX. To put tutition fees in line with inflation a new tuition fee should be calculated each year using CPI figures at the time.

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