ISSUE ONE BY STUDENTS, FOR STUDENTS FANTASTIC Contributors FUNDRAISING Articles Lux Harman Bodie Aland Loughborough College has been abuzz with charitable fever recently, as staff and students aim to raise money for a number of good causes on and around Sadia Begum the campus. Kellie-Anne Bennett Over the past month, several different events have taken place in the name Lux Harman of charity, with students putting their studies aside for a short while in order Daniel Johnson to help those perhaps less fortunate than themselves. Ruty Mahalingham One event which the College came together to take part in was a three- CONTENTS Jordan Smith hundred mile triathlon, supporting local hospice LOROS. The day was a huge success, with 80 sponsored participants helping to raise more Design AROUND COLLEGE 3-5 than £500 in funds. Sam Buckley Organised by Loughborough College Student Engagement Mentors, those taking part amassed over 300 miles by cycling, running and rowing in aid of LOROS. This total included 200 NEWS 6-9 With support from miles on an exercise bike as part of a static triathlon. As well as Matt Clarke raising a great deal of money, the event encouraged students Copywriter to be active as they worked together and built community CREATIVE WRITING 10-13 spirit. Sophie Craggs Student Engagement Mentor This was not the only time in which students and staff ADVICE 14-15 have generously parted with their time and money in Charlie Evans the past few weeks. The College has also recently Graphic Designer supported Sport Relief 2016, which was held on 18th RECIPES 16 March and raised over £55 million nationwide. In addition to the Further Education Sport department, raising over £1,000 for the charity, SPORT 17 an “Alternative Sport Relief” event took place on 22nd March, featuring games and competitions to persuade students and staff to donate to a good cause. Well done to all who took part and keep up the good work! 2 3 5 MINUTES WITH STUDENT ENTERPRISE NATHANIEL KOLAWOLE CHAMPIONS! Nathaniel is a Loughborough College Engineering student who has recently set up his own t-shirt Sophie Craggs design and printing business with the support of the College Enterprise Society. Today we have 5 The Enterprise Society at Loughborough College “Our students were the youngest to pitch in front of minutes to ask Nathaniel a few questions about his business, his entrepreneurial attitude, his plans has competed against some of the country’s top the judges, the other finalists, and all the delegates for the future, and some words of wisdom for others thinking of following in his footsteps! universities to take the top prize and be named yet they demonstrated the confidence and 2016 winner at the prestigious finals of a national maturity to keep calm and deliver an exceptional Hi, Nathaniel. Why did you decide to set up What is the inspiration behind the ‘NewKing’ competition. presentation. your clothing business? brand? Basically, to make money! I want to be I have had this idea since I was very young. The College society was only established in “It was a fantastic day and a great networking independent and make money for myself. I I want to stand out from the crowd and be September and lined up as the youngest of the event—and this is the perfect platform for those really enjoy working hard and love to learn proud – two themes that NewKing clothing short-listed competitors, going head-to-head studying with us next year who may want to get new skills. Running my business has helped hopes to promote to customers. I want with universities including Oxford, Durham, and involved in the society.” AROUND COLLEGE me develop my skills that have been useful in people to feel like proud Kings or Queens Warwick, before being awarded £3,000 alongside a trophy to mark its triumph at the glittering Loughborough College competed against finalists everyday life and helped me with my college when wearing my clothes. Everyone is from Kings College London, Southbank University, work. Most importantly I want to make my precious and should believe in themselves National Association of College and University Entrepreneurs (NACUE) ceremony. Oxford University, University College London, mum proud. She used to sell clothing to like a King would. Also, my initials are NK University of Durham, University of Manchester, businesses, so to follow in her footsteps so I wanted my brand to reflect me and my Loughborough Sixth Form College students University of Southampton, University of means a lot to me. personality. My other main passions in life are Daniel Lever, the Enterprise Society’s Financial Westminster, Warwick University, and Westminster music and dancing, but I do want to make Director and Rina Roy, Events Director—who has Kingsway College. money and be the next Bill Gates too! just completed her two year term representing Leicestershire in the UK Youth Parliament—led the Are you interested in becoming a How would you like your business to develop? pitch to the judges. member of the Enterprise Society? In the short term, I would love to see more Daniel and Rina were accompanied to the NACUE people wearing my brand locally. I would also Roles include President, Marketing Leaders Summit in Manchester by College like to have an influence on the music and Director, Finance Director, Events Director, Student Engagement Lead Emma Setchfield and dance scene throughout the UK. I want other Engagement Mentors Lydia Hovenden and Sophie and Communications Director. young people to see what I have achieved Craggs. and follow in my footsteps. Clothes should Email [email protected] reflect your personality and NewKing will “I am delighted and thrilled with the result. To have to register your interest and receive an grow with me through time. the Enterprise Society’s hard work recognised application form. amongst such an established and revered Do you have any tips for other young audience is quite simply phenomenal,” said Emma entrepreneurs starting out? Setchfield. Believe in yourself and fight to achieve! I know it sounds like a cliché, but it is really important. Do not let anybody tell you that you cannot achieve your goals. Put your mind to it, take a chance and seize every opportunity! Never stop trying! Thanks, Nathaniel. Like NewKing on Facebook by searching ‘The New King’ (Left to right) Lydia Hovenden, Daniel Lever, Rina Roy, Emma Setchfield, and 4 5 Sophie Craggs THE BUDGET: NEWS BOTH SIDES AND HOW IT AFFECTS US Jordan Smith SAVINGS FOR YOUNG PEOPLE Back in March George Osborne revealed his eighth budget as Chancellor of the Exchequer. This article provides an overview of the Also among the budget is the increase of the annual ISA limit from £15,240 to £20,000. In budget—both the advantages and disadvantages. addition to this, the new lifetime ISA for young people sees the government paying £1 for every £4 saved. Most people are hailing this as some of the best news to come out of the budget, SUGAR TAX especially for young people, who will receive a big Another issue with the tax is that it will not benefit from the government—especially when affect products that are equally high in trying to get on the property ladder. This is perhaps the biggest news from sugar content in comparison to soft drinks. the latest budget. The sugar tax is what For example, sweets and chocolates will it sounds, a tax on soft drinks containing not be affected by this tax. This could be large amounts of sugar—such as Coca considered as bizarre by many. Cola—to be brought in by 2018. Most MPs are divided on this tax, as are most people. An advantage of the sugar tax is that the money gained (expected to be around One of the main issues people are £520 million a year) will be invested into having with this tax is that many see it as primary school sport across England. It is ineffective. For example, the price of Coca also hoped that this investment and the CORPORATION TAX Cola will rise by 24p per litre but Coca added price will deter people from drinks Cola is what is known as a “price inelastic” high in sugar, reducing obesity across This is a massive issue with some who have product; meaning that, regardless of its England. analysed the budget, including leader of the price, demand will remain the same. So, Labour Party, Jeremy Corbyn. In this instance, Mr either way, people will carry on buying Milk-based drinks and fruit drinks will also Osborne has cut the corporation tax from 20% Coca Cola, along with other soft drinks that be exempt from the tax. to 17%. Many would argue that this is another contain high levels of sugar. typical Conservative move. People are claiming that it is another ploy to help those more fortunate, disregarding those who are not middle class or above. It is shocking to some that this budget has outlined major cuts in disability benefits, and claim that this is because they simply cannot afford to pay them, but they can afford to cut corporation BUSINESS AND PERSONAL TAXATION tax, which will only affect wealthier businessmen. An advantage to the cut in corporation tax is that OVERVIEW From a Labour perspective, this is a typically it will allow small businesses to become more Conservative move. Personal income taxation competitive in the market. of 40% will apply to those who earn £45,000 or According to many, some of the proposals in more. Previously, this applied to those who earned this budget are contradictory and should be £42,385 or more.