Mr. Derek Moran:

The university sector is one that has changed. It is a question of what is on the Government balance sheet and what is off it. The university sector is not on the Government's balance sheet. There is a rule of thumb but it is much more complicated than this, but if an entity derives more than 50% of its income from non-governmental sectors it is outside the general Government expenditure and not counted in that piece. Clearly, local authorities do not do that but the universities do. They have to manage their affairs in that way so it does not fall within our remit.