Oral Answers to Questions
Debate between Lord Willetts and William Bain(11 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Willetts
My hon. Friend is absolutely right. These reforms increase resources for universities. They are not putting off students from less affluent backgrounds and it is graduates, not students, who pay. That is a very fair and progressive way of financing higher education.
Mr William Bain (Glasgow North East) (Lab)
Does the Secretary of State agree that, if the United Kingdom stayed in the European Union and completed the single European market, our growth could increase by 7% within a decade, but that if we left the EU and had a relationship with it such as that of Norway or Switzerland, our exports could be as much as 14 times lower over the same period?
Oral Answers to Questions
Debate between Lord Willetts and William Bain(12 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Willetts
We estimate that overseas students in higher education bring £8 billion to the British economy, which shows what a major export industry it is. We can be very proud of the success of our higher education sector, and that is why Britain has no limit on the number of suitably qualified overseas students who can come here to study.
Mr William Bain (Glasgow North East) (Lab)
T3. This morning the OECD predicted that the British economy will shrink by 0.7% this year. When will the Secretary of State get on and set up a proper British investment bank, and follow the example of institutions in Germany and Brazil that between them invested nearly £100 billion last year?