Thank you all for joining us today. I want to begin by thanking Sir Philip Augar and his panel, whose tireless work and commitment to the future in higher and further education has enabled us to deliver this announcement today. The Secretary of State has cut right to the heart of why these reforms are so important, and I will come onto the specific transformational changes these reforms will bring about in a moment. I want to start by reiterating something I said to sector leaders very recently. Our world class higher education system is one that millions of people rely upon. There are extraor…