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The modern wealth of a nation flows from its intellectual capital. Obama strongly signalled his understanding of this truth in this year's State of the Nation Address, when he called his continued investment in science 'a Sputnik moment'.
The facts speak for themselves. University fees will average £8,393 from 2012-3. Even after fee waivers for students from poorer backgrounds, the average will be £8,161. One in three universities will charge £9,000 for all courses.