A level results are out today and thousands of students will be finding out if they are going to university this year, so I was especially pleased to get this lovely graphic from Kieran Elsby at Prezzybox http:www.prezzybox.com.
We now have twice the number of universities but have nearly three times as many students dropping out and graduates are considerably less likely to get a job in 2013 than they were in 1973.
If they were smokers, the average graduate salary then would buy them 7407 packets of fags in 1973. These days it will only buy 2491 packets. Does the Chancellor of the Exchequer appreciate just how much tax he is losing?