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Postgraduate Education

I do not want to be very party political today, but I will be party political in the sense that I still do not think that that is good enough. There is a problem with overall cuts in funding. The view that we are all in it together and so everyone has to stay at the same point is one with which I have never agreed. Why do we have to kill the goose that lays the golden eggs? We need only look at the international competition and how much money is being put into research and development, higher education and postgraduate education worldwide. This is a time when we should be being as ambitious as anything because the payoff, the return to the community, in relatively fast terms is very large. There is a great bonus to be had from moving in that direction. I understand what the hon. Gentleman says, but I think that for higher education, every bit of investment is very worth while. I do not know the hon. Gentleman's constituency and community, but in mine, investment in the university is the one way in which we will get regeneration. I cannot remember his constituency, but I have been telling the Government for a long time, because people ask, ““Are we in recession or aren't we?””, that outside London and the south-east, we have been in recession for a long time, and if it was not for the universities, heaven knows where we would be, so any bit of investment in research in universities and any bit of investment that encourages participatory working with small and medium-sized enterprises in our regions is worth while. I would have thought that any Government in their right mind would be pouring money into that.