Is the figure £950 Million then?

In yesterday's Sunday Times yet another leading article on the impact of the proposed funding changes on middle class students which reports a £950 Million of cuts to funding. A picture of Peter Mandelson sitting next to the article. Quote: Much of the crisis in university funding was caused when Gordon Brown came to power in 2007 and increased the entitlements to student support of families on middle incomes. All students are entitled to loans to cover tuition fees. In addition, those on family incomes of £25,000 may now claim grants for living costs of £2,906 and loans of £3,497. And there was me blaming the bankers and the worldwide economic recession.