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Austerity, the Spending Review and a crisis in human capital

We thought the last Spending Review in 2010 was bad enough. But this one – covering 2015-16 and then 2016-2018 is beginning to look a whole lot worse. Alongside this is a growing attack on the knowledge economy and the idea of human capital in the media and by policy makers. What might this mean for the future of further and higher education in the UK? Andy Westwood gives his take.