The analysis in the Report of the Pensions Commission (UK Pensions Commission2004, henceforth referred to as the Report), is sound, the data a wonderful treasure trove, thepresentation particularly clear, and the diagnosis correct. This comment takes the Report’sanalysis as given, and sets out...

This paper analyses three options for financing higher education:• Tax funding, as proposed by the Liberal Democrats and, more recently, the Tories.• Tax funding plus upfront charges, as at present.• Tax funding plus deferred charges, as proposed in the White Paper on highereducation...