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).