16 January 2013
What's the value of a UK degree?
New report What's the value of a UK degree?, part of the joint million+ and London Economics Behind the Headlines series, explores the the nature and scale of the benefits of higher education - both monetised and non-monetised - to the individual, society and economy. What's the value of a UK degree? establishes that funding higher education leads to the creation of a substantial number of direct and indirect benefits. These include enhanced employment and earnings outcomes, which directly result in increased Exchequer tax receipts, as well as the spillover effects of a highly skilled workforce and increased firm level productivity.
Overall, the report finds that higher education remains an exceptionally good investment for individuals and taxpayers, and concludes that any reduction in participation will have significant and measurable long term consequences.
million+ welcomes the Chancellor’s commitment to expansion of higher education in the Autumn Statement