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Higher Education (Basic Amount) (England) Regulations 2010

The Minister is reminding us that the difficulties on the consumer side are not as great as some noble Lords have suggested. I accept that this is an ingenious splice of a graduate tax and a graduate loan system that is highly protective of the poorest. I think that many noble Lords are asking the Minister to address the question of damage to the supply side produced by moving too rapidly. I hope that, before the Minister finishes his speech, he could say a bit about the Government’s assumptions on the range of closures, mergers, bankruptcies and disproportionate patterns of damage to certain courses but not others. That will give the House a better basis for understanding what the Government anticipate than continual harping on an issue that I accept is of great concern to prospective students and their families but has not been sufficiently well explained. The students are well protected, but the institutions may not be.