No, no, I'm not disagreeing. My view is: I believe that the Act has struck that proportionality. When you look at public moneys going into institutions, I think that the Act is proportionate, myself.
So, do you think it's in the interests of students, then, to be at private institutions—? I've seen those private institutions and how they operate; I've seen them at first-hand—they don't operate to the same rigour as public institutions, and they're less regulated.
Can I just chip in? I think that the category 'private' covers quite a wide range of things, and many private institutions are also charities. We don't have the presence of some of the large private charities that are present in other countries, but Stanford and Harvard would count as private universities. So, I think we need to be careful in focusing on the inherent quality of things. We've made charitable status a key reference point in the operation of things at the moment. I think there has been attention drawn to some private providers, particularly in England, but I wouldn't tar them all with the same brush, necessarily.
But they fall outwith—if they're not charitable providers running validated courses, for example, they fall outwith the strength of regulation that is currently in place on the universities in Wales.