Oral Answers to Questions

David Nuttall Excerpts

Thursday 15th March 2012 Commons Chamber

[Mr Willetts]

I have absolute confidence in the future of our universities. Indeed, the Higher Education Funding Council has produced a report in the last few days that confirms that our universities are in a very healthy financial position. The extra income that they will receive through fees and loans should also increase in the years ahead. We inherited from the previous Government plans for a reduction in university science funding but, fortunately, those plans have not had to be implemented.

[Mr David Nuttall (Bury North) (Con)]

Does the Minister agree that, regardless of the success of the one-in, one-out policy, the fact that European Union regulations are not included in it means that the overall burden of regulation on businesses is likely to increase?

[Mr Prisk]

We are alert to that danger, which is why we have ensured that we have the agreement of the Commission that, for the first time that I can recall, micro-businesses will be exempt from future European directives. I hope that my hon. Friend will welcome that change.