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<p>I have received a large number of invitations to discuss this topic and sadly cannot
accept nearly as many as I would like to.</p><p>Nevertheless, I have listened to the
views of the hon. and Rt hon. Members, as well as those of colleges and other providers
of 16-to-19 education. I am pleased that we have been able to afford to mitigate the
impact of the funding reduction on 18-year-olds in the academic year 2014/15. We will
cap any losses in relation to this at 2% of the funding that an institution receives
for the education of 16-to-19 year olds.</p><p>However, the overriding need to tackle
the budget deficit remains, and so the full funding reduction for 18-year-olds will
still be necessary in 2015/16. We have carried out and published an impact assessment,
which is available online:<a href="https://www.gov.uk/government/publications/funding-reduction-for-18-year-olds-impact-assessment"
target="_blank">https://www.gov.uk/government/publications/funding-reduction-for-18-year-olds-impact-assessment</a>.</p><p>
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