"We've Come to Repossess Your Education"

[steepholm]

I see that Vince Cable is trying to wriggle round the LibDem opposition to student fees by proposing a tax on graduates. But will this apply only to new graduates, or to existing ones too? And if the latter are to be spared, why - given that most of them got their education for free, and are considerably more able to pay than recent graduates with their average £25K in debt? After all, we're presumably still benefiting from our graduate status - worth some £250,000 to each of us over a lifetime, I seem to remember Margaret Hodge claiming.

It won't happen, though.