Cutting red tape is a tricky business, but it appears that auditing bodies feel it more acutely than most. According to the Quality Assurance Agency for Higher Education's annual accounts, "rationalising regulation" cost 拢686,221 alone in 2005-06, about 拢200,000 more than the previous year. Peep wonders whether universities being evaluated will notice the newly pared-down bureaucracy.
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