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This is an accepted version of this page This is the latest accepted revision, reviewed on 8 February 2025. This article needs to be updated. Please help update this article to reflect recent events or newly available information. (March 2022) World map of countries shaded according to the literacy rate for all people aged 15 and over This is a list of countries by literacy rate. The global ...
The average British student scored 503.7, compared with the OECD average of 493. [8] In 2014, the country spent 6.6% of its GDP on all levels of education – 1.4 percentage points above the OECD average of 5.2%. [1] In 2017, 45.7% of British people aged 25 to 64 had attended some form of post-secondary education.
Students admitted from the academic year 2024-25 have paid tuition fees set at a maximum of up to £9,535 per annum. [68] Fees for international students vary but are generally higher. Depending on the discipline and university, Master's degrees can cost between £10,000 and £35,000. [ 65 ]
Debt interest has grown as a proportion of government spending in the last few years as a result of rising interest rates, and increased debt due to primarily to the cost of the Covid pandemic. [10] In financial year 2018–19, debt interest was £43 billion - around 5% of total government spending [ 11 ] compared to around 10% in 2023–24.
The value is the average of three statistics: basic literacy rate , infant mortality, and life expectancy at age one, all equally weighted on a 1 to 100 scale. It was developed for the Overseas Development Council in the mid-1970s by M.D Morris, as one of a number of measures created due to dissatisfaction with the use of GNP as an indicator of ...
This table reflects the removal of the 10% starting rate from April 2008, which also saw the 22% income tax rate drop to 20%. From April 2010, the Labour government introduced a 50% income tax rate for those earning more than £150,000. Income threshold for high taxation rate on income was decreased to £32,011 in 2013. [43]
The United Kingdom's high literacy rate (99% at age 15 and above) [10] is attributable to universal state education, introduced at the primary level in 1870 (Scotland 1872, free 1890 [11]) and at the secondary level in 1900. Parents are obliged to have their children educated from the ages of 5 to 16 years.
The estimated amount of total taxes paid by the Financial Services Sector in the year to 31 March 2012 is £63bn, 11.6% of the total UK government tax receipts. [95] Service industries, particularly banking, insurance, investment management, business services and other related financial services account by far for the largest proportion of GDP ...