And that’s another failing of the English education system: universities are suffering from a shortage of state funding, but further education colleges have it even worse.
No Budget, or Comprehensive Spending Review, has dealt with that problem for years.
Which brings us to the downside of the promise for 400,000 new homes.
Skilled construction workers, plumbers and electricians are already in short supply, so who exactly is going to build them all?
Much of the £6.9 billion in state subsidies will be swallowed up in higher prices as manpower and materials fail to keep up with demand. Still, it’s all good news for housebuilders.