The World Chess Championship begins today at the former Cochrane Theatre in Holborn. The reigning champion, Magnus Carlsen, faces the world number two, Fabiano Caruana, for the title and €1 million in prize money.
Andrew McGettigan’s latest book is The Great University Gamble.
The World Chess Championship begins today at the former Cochrane Theatre in Holborn. The reigning champion, Magnus Carlsen, faces the world number two, Fabiano Caruana, for the title and €1 million in prize money.
Student loans are in principle a straightforward business. The government lends students money; after they graduate, they begin repaying it. From the perspective of politicians and the Treasury the advantage of loans over grants is clear: the money isn’t simply given away, it comes back over the lifetime of the loan. Even better, in the national accounts the loans are classified as ‘financial transactions’, not ‘expenditure’.
Future historians will record that, alongside its many other achievements, the coalition government took the decisive steps in helping to turn some first-rate universities into third-rate companies. If...
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