There is a new report by a House of Commons committee hitting the frontpages this morning. However when I saw its content I noted with a kind of smug satisfaction that we have said the very same thing on Doverforum 6 months ago.
When the Conservative government allowed universities to charge £9000 max they expected a handful to do it. But as was clearly expected by everyone but the government...all of them did it...all the universities did it. They all charged the £9000, or near as dammit all of them.
Clearly the whole frontbench have never had a real job between them. None appear to have honed their sharpness nor their business acumen nor their business foresight on High St UK. No sir! Otherwise they would have seen this one coming, as it was glaringly obvious to one and all ( outside government) that all would go for the higher fee.
Why the fuss, where's the problem says you. The problem is that the Government are forever blasting our eardrums about the need to save money and here we have a policy which is costing much much more money than before. It is costing the government £100,000,000 millions more. This is YOUR money of course. The policy was and is a fiasco.
How is this happening? As we know the government pays the tuition fees up front to the universities. Students pay them back later in life at a monthly rate. The universities were charging £3000 per course before, they now charge £9000...so the government have to find three times the amount of money to pay up front. Hence the £100,000,000 million extra needed. I use all the zeros just to ram home just how much it is...yes one hundred millions extra. A chaotic and essentially stupefying policy.
Time now for the Nick Clegg kicking section of this post. Nick Clegg who sold us all on the idea of no tuition fees at all, capitulated in spectacular fashion and went along like a minced lamb with this new plan, once he got a whiff of governmental power. His reputation has never recovered. If the plan was a good one you could understand his capitulation, but as we can all see now the plan was awful.
Student numbers may now have to be cut to make up for the £100,000.000 million shortfall. A komplete klux!