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26/07/2001
Barclay survey reveals extent of student debt
A survey by Barclays bank has revealed that the average student debt for 2001 in the UK is £5,961.
The poll revealed that nearly nine out of ten undergraduates in the UK have loans while the average loan in Northern Ireland was £5,654, slightly below the overall UK average.
The overall UK figure is an increase of £1,600 from 2000, when the average was £4,339.
The survey, which is in its tenth year, reflects the growing reliance on credit following the abolition of student grants and the introduction of the loans system.
In 1992, just 31 per cent of students had loans, now 88 per cent have loans with only five per cent of students able to avoid debts.
Barclays said that four in ten students carry out paid work for an average of 15 hours a week to fund their studies. Eight out of ten also take holiday jobs earning an average of £1,426.
The worse hit UK region is the South East and East Anglia where average student debt is £5,654 while the least student debt is found in Scotland at £4,245.
(MB)
The poll revealed that nearly nine out of ten undergraduates in the UK have loans while the average loan in Northern Ireland was £5,654, slightly below the overall UK average.
The overall UK figure is an increase of £1,600 from 2000, when the average was £4,339.
The survey, which is in its tenth year, reflects the growing reliance on credit following the abolition of student grants and the introduction of the loans system.
In 1992, just 31 per cent of students had loans, now 88 per cent have loans with only five per cent of students able to avoid debts.
Barclays said that four in ten students carry out paid work for an average of 15 hours a week to fund their studies. Eight out of ten also take holiday jobs earning an average of £1,426.
The worse hit UK region is the South East and East Anglia where average student debt is £5,654 while the least student debt is found in Scotland at £4,245.
(MB)
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UK inflation rose by 0.1 per cent last month to an annual rate of 1.9 per cent - but has remained at one of its lowest levels since records began. The rate was also still below the government's target of 2.0-2.5 per cent. The headline rate of inflation meanwhile, which includes the cost of home loans, fell by 0.2 percentage points to 0.
Inflation rate rises but still below government target
UK inflation rose by 0.1 per cent last month to an annual rate of 1.9 per cent - but has remained at one of its lowest levels since records began. The rate was also still below the government's target of 2.0-2.5 per cent. The headline rate of inflation meanwhile, which includes the cost of home loans, fell by 0.2 percentage points to 0.
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14 August 2001
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
UK R&D spend is below European average
The latest figures on research and development (R&D) spending shows that the UK lags behind the European average and falls well below the US. Figures released by the Office of National Statistics revealed that the UK spent £16.7 billion, equivalent to 1.83 per cent of Gross Domestic Product (GDP) on research and development in 1999.
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Northern Ireland WeatherToday:There will be a mixture of bright intervals and a few showers. Best of the sunny spells will be near the North Coast. Feeling on the cool side. Maximum temperature 10 °C.Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Minimum temperature 0 °C.
