The business secretary also told MPs that 바카라사이트 government welcomed 바카라사이트 broad thrust of Lord Browne¡¯s review of higher education funding and student finance.
He said 바카라사이트 coalition would make detailed proposals based on 바카라사이트 report in 바카라사이트 next few weeks, with 바카라사이트 intention of implementing any changes to 바카라사이트 student-finance regime for 2012.
He appeared to indicate that 바카라사이트 government was considering a normal fee level of ?7,000 ¨C 바카라사이트 amount that Lord Browne suggests would be necessary to meet 바카라사이트 teaching-funding cuts predicted for 바카라사이트 forthcoming Comprehensive Spending Review.
Lord Browne¡¯s report, Securing a Sustainable Future for Higher Education, published today, recommends removing 바카라사이트 cap on tuition fees, but says universities should pay a rising proportion of 바카라사이트ir fee income to 바카라사이트 government above a level of ?6,000.
¡°As a strategic direction, 바카라사이트 government believes 바카라사이트 report is on 바카라사이트 right lines,¡± Mr Cable said. ¡°The government endorses 바카라사이트 main thrust of 바카라사이트 report, but we are open to suggestions from inside and outside 바카라사이트 House over 바카라사이트 next few weeks before making specific recommendations to Parliament.¡±
He confirmed that cuts to teaching funding likely to be announced in 바카라사이트 CSR on 20 October would have to be compensated for by increased graduate payments.
On his party¡¯s previous opposition to tuition fees, he said: ¡°In this current economic climate, we accept that policy is simply no longer feasible.¡±
He added during exchanges with MPs: ¡°We are not in an ideal world, we¡¯re in¡a massive economic mess, and we have to come to terms with reality.¡±
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