Part of Business, Innovation and Skills – in the House of Commons at 10:30 am on 17th February 2011.

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Photo of John Hayes John Hayes The Minister for Universities and Science, The Minister of State, Department for Business, Innovation and Skills 10:30 am, 17th February 2011

On the night of the "black and white" party, I was at my desk working, actually, and then I had a half of mild at a working men's club.

The truth is that, in a very tough spending round, we guaranteed funding for young people, boosted funding for 16 to 18-year-olds and boosted funding for adult apprenticeships, and we are seeing real growth. The right hon. Gentleman is right: people over 24 will borrow to invest in their future, but my goodness, the repayments are income-contingent, there are no up-front payments and, as he knows, it is real value for money.