"An eloquent and convincing case that the changes in the funding of higher education since 2010 have taken the English university system in a fundamentally mistaken direction". Alasdair Smith, University of Sussex "Convincingly undermines the rationale for the funding regime for English higher education established since 2010 - and it does so strictly on the government's own terms." Peter Scott, Institute of Education, University College London "An extremely topical up-to-date analysis of recent Government policies and their effect on the public purse, student finance, student behaviour, the university system and the internal management of universities.. will be invaluable for a wide group of readers, from higher education employees and staff to policy makers, the media and students." Dame Hon Margaret Hodge MP "Excellent analysis of how UK university reforms since 2012 have proved dysfunctional because they created too little, not too much, competition, and allowed university managements to divert most of the extra fee funding to their own ends. It offers solutions from the insights of two economists and a former VC." Peter Holmes, University of Sussex "A robust and astute diagnosis of some of the detrimental effects generated by the fee/loan system of funding introduced in 2012 and the regulatory regime established by the Higher Education and Research Act of 2017... a valuable source of arguments for an informed critique of the proposals that are expected to emerge shortly from the Augar Review of university funding and Dame Shirley Pearce's independent review of the TEF." Council for the Defence of British Universities