Beyond conspiracy: Why TEF plus fees may drive efficiency

By Gordon McKenzie. On the 15^th January 1965 the Who released their first album, I Can’t Explain. Fifty-one years later many people in the sector are scratching their heads seeking the explanation why the Government is going to so much trouble, by linking the TEF and fees, to split a tiny inflation increase into even more minuscule parts.

It’s just not plausible, they say: up to four levels of TEF; the panels; the judgments; the risk of legal challenge. No one is that irrational: there must be a hidden reason. Read more...