by Mark Corney
At first glance, Budget 2012 looks like a non-event
for education and skills.
Apart from piloting enterprise loans for young
people and an extra £100m for science facilities, the conclusion could so
easily be drawn that this is not a budget for education and skills.
But this is a budget where the story lies in the
‘big picture’ rather than specific measures.
To appreciate how important this budget is for
education and skills, time has to be spent on grappling with the difference
between annually managed expenditure (AME) and departmental expenditure limits
(DEL).