10:30 am
Jim Knight: Again, we are back to the same discussions about to what extent bringing them together adds value and to what extent keeping them separate adds value. The break-up of the LSC into its three functions, plus the formation of the separate NAS, is quite a significant shift. Through the Bill, we also split the Qualifications and Curriculum Authority into the Qualifications and Curriculum Development Agency and Ofqual. If, at the same time, we had taken the higher education funding agency and merged it with the SFA, that would have created a lot of churn all at once. There is merit in proceeding in the orderly way that we are at the moment.