Ed Miliband has just promised that a Laboru government would cap university tuition fees at £6,000. It's very interesting to see this new policy though I'm not sure how Labour arrived at it - my guess is they plucked a nice round figure out of thin air.
But, just in order to give some context to Ed's new policy promise, here is a brief history of Labour party tuition fees policy.
1997 - Labour manifesto promises not to introduce fees.
1998 - Labour introduces tuition fees.
2001 - Labour manifesto promises not to increase fees.
2003 - Labour more than doubles tuition fees.
2010, May - Labour enters the election having commissioned the Browne review and committing themselves to support it's recommendations (widely predicted to be unlimited tuition fees).
2010, December - Tuition fees raised to a maximum of £9,000 after Browne review recommends unlimited fees. Ed Miliband states that Labour party policy is to replace fees with a graduate tax.
2011 - Ed Miliband announces that Labour party policy is to support a cap of £6,000.
Now, it might just be me, and I know that the Lib Dems certainly don't have a good record on fees, but how on earth can Ed Miliband's new policy been taken seriously given that it's Labour's seventh tuition fee policy in fourteen years (a rate of a new policy every two years) and that it's Ed Miliband's second tuition fees policy as party leader?
Oh, and I should point out that, if Labour's £6,000 cap really were implemented (after all, they've never broken a promise on fees) then if a student's starting salary after graduating is under £38,300 there would be absolutely no difference between £6k pa tuition fees and £9k pa tuition fees.
But if their starting salary was more than £38,300 then they would repay less under £6k pa tuition fees.
So well done Ed. Another brilliant progressive policy which totally wouldn't benefit the rich more than the poor. Not.