After the Royal Mail privatisation scam comes the Student Loans privatisation fiasco.
How is Vince Cable still in his job? He is bad as Iain Duncan Smith. Yes, as bad as that.
Parliament was today informed, on the last day before the recess, that 45 per cent of student loans would never be repaid.
That is very close to the 48.6 per cent at which tuition fees would become more expensive to administer than they would be to abolish.
As I tried to explain to Hilary Armstrong would happen. Before this autumn's freshers were born.