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An extraordinary 24 hours

The death of Nelson Mandela dominates today's news, writes Alison Goddard.

Nelson Mandela, dubbed "president of the world" by The Sun, has died. The airwaves and the media are rightly dominated by the sad news. 

It has been an extraordinary 24 hours. Yesterday morning the Chancellor of the Exchequer, George Osborne, announced that there would no longer be any restrictions on the number of undergraduates that universities in England can recruit from 2015 onwards. The announcement, which came out of the blue, will cost the Treasury £5.5 billion over the next five years, money that it seems happy to spend despite the perilous state of the nation’s finances. Yet it also clearly signals that the current system is unaffordable: the sale of current student loan debt is to pay for more and larger future student debts. On Twitter, Martin McQuillan of Kingston University accurately described the arrangement as a Ponzi scheme.

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