Hammond considers cut to university tuition fees

The Chancellor is considering cutting tuition fees to £7,500 a year amid concerns that universities are failing to deliver students value for money, it has been suggested.

Philip Hammond is considering proposals that could see fees restructured according to employment opportunities associated with individual courses, according to The Sunday Times. It is thought that he may also be considering reducing the cap on fees, which currently stands at £9,250, to £7,500.

It comes after The Sunday Telegraph revealed last week that Theresa May was looking at cutting interest rates on student loans and forcing universities to lower tuition fees in a bid to win back young voters.