- an increase of £37.4m in fee waivers;
- a reduction of £13.8m in bursaries and scholarships;
- a reduction of £2.1m in outreach and retention measures; and
- a reduction of £16.3m in headline fees.
It may be that the market will prefer these slightly cheaper offerings. Leeds Trinity may now seem better value than Leeds Met, likewise London South Bank may seem better value than East London. But this is sheer speculation: there is no actual market process at work here. This is a point made earlier today by William Cullerne Browne, but (and I say this entirely without false modesty) six months ago by me.