The standard required for acceptance onto a course might be one A-level or a vocational equivalent.

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But the Federal Reserve's bringing inflation down to a near-nonexistent level was the equivalent of a tax cut, overwhelming the damage done by those tax increases.

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At the moment, universities can recruit an unlimited number of students who have achieved A-level grades equivalent to ABB or higher, but the number of lower achieving students they can take is capped to limit the cost to the state in the form of student loans.

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"Grades at GCSE, A-Level or their equivalent are always hugely important, but they're never the sole criterion, " she said.

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Otherwise, margin increase would come from offering an equivalent level of service at a better production-to-retail cost differential.

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It would be capable of not just negotiating its environment but also intelligently manipulating objects--a level of functioning almost equivalent to a human servant.

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Of the top 20 fast-growing jobs, 11 mainly attract people who hold a level-four qualification roughly, a university degree or equivalent.

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