(1 month, 2 weeks ago)
Commons ChamberI agree. My hon. Friend will recognise that over many years we heard the Conservatives doing down young people’s ambitions to go on and study. Like me, he will have heard dismissive talk, which I will not repeat, about types of degrees and the kind of study that our young people were engaged in. It is essential for a modern economy that people have the chance to study science and technology and much more aside, but also subjects like art and music, not just because they are good in and of themselves but because, increasingly, they are a key part of driving economic growth in our country.
The dire state of the finances of higher education institutions such as the University of East Anglia is likely to be improved by this announcement, but can the Secretary of State assure staff and students that mechanisms are in place to ensure that increased income from fees translates into fewer job losses and helps encourage more students from lower-income backgrounds into university?
That is my expectation. Excessive and wasteful spend in universities needs to be reined in. There must be a much greater push for efficiency. As a Government, we have made the difficult decision to increase fees to provide sustainability for the sector. Now, the sector must play its part.