Higher Education and Student Finance

Paul Blomfield Excerpts

Tuesday 12th October 2010 Commons Chamber

[Paul Blomfield (Sheffield Central) (Lab)]

In the Secretary of State’s replies to several questions from my hon. Friends, he has acknowledged that if the cap on fees is lifted, we risk creating a situation in which families will have to sit down with their children and make a decision about the university of their choice on the basis not of their qualifications or ability to learn, but of their ability to incur huge levels of debt. If he acknowledges that, will he reject that free market now—or is that another Liberal Democrat principle that has been thrown out of the window?

[Vince Cable]

Nobody is suggesting—I have never suggested this—a free market in this area. The same points were made several years ago when we debated the fee-based system introduced by the previous Government, who accepted that on the balance of argument—the case was made initially by the right hon. Member for Sheffield, Brightside and Hillsborough (Mr Blunkett), who was ahead of his time on this issue, and later by the new shadow Chancellor—the system had to move in that direction. It is a highly constrained market and not a free market environment at all.