The government has said it wants there to be a cap on the number of students who study so-called “rip-off” university degrees.
The limits will be imposed on courses that have high dropout rates or a low proportion of graduates getting a professional job.
Under the measures, the maximum fee that can be charged for classroom-based foundation year courses will also be reduced to £5,760 – down from £9,250.
The plans, announced by Education Secretary Gillian Keegan, are part of the government’s response to the Augar review, established by Theresa May back in 2017.
Among the report’s recommendations – which also included cutting tuition fees and more funding for further education – was an aim to reduce the number of “low value” courses leaving students with poor job prospects.
Under the plans, the Office for Students (OfS) will be asked to limit the number of students universities can recruit to courses that are seen to fail to deliver good outcomes for graduates.
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Students take universities to court
Prime Minister Rishi Sunak said: “The UK is home to some of the best universities in the world and studying for a degree can be immensely rewarding.
“But too many young people are being sold a false dream and end up doing a poor quality course at the taxpayers’ expense that doesn’t offer the prospect of a decent job at the end of it.
“That is why we are taking action to crack down on rip-off university courses, while boosting skills training and apprenticeships provision.
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“This will help more young people to choose the path that is right to help them reach their potential and grow our economy.”
What courses could be at risk?
The government is yet to specify what courses it is defining as “low value” and which will have student numbers limited by the Office for Students.
Figures released on 6 July by the longitudinal educational outcomes (LEO) database – which connects education data with employment data – suggested which subjects had the highest and lowest employment rates and salaries in the tax year 2020-2021.
Out of the higher education institutions (HEIs) analysed, first degree graduates in languages and area studies, and creative arts and design, had the lowest median proportions in sustained employment, further study or both.
Meanwhile, graduates in nursing and midwifery, and medicine and dentistry, had the highest median proportions.
Further data from the LEO suggested that five years after graduation from HEIs in the UK, medicine and dentistry had a median graduate earning of £52,900, whereas performing arts stood at £21,200.
These findings echo those recommended by the Augar review, which found that male graduates in creative arts, English and philosophy earn less in comparison to peers who did not complete a degree.
It is important to note that some subjects showed wider variations in earnings – for example, computing had a difference of £61,900 between its highest and lowest earners.
This is likely down to the availability of the labour market, and the use of standardised salaries in some sectors, the LEO reported.
Despite suggestions from the data, education minister Robert Halfon denied that the government’s cap is an attack on arts and humanities courses.
“We’re not saying that particular arts courses are going to have limits,” he said when speaking on Times Radio on Monday.
“It may be that in some universities there are arts courses that are leading to good jobs.
“It’s only courses in universities, whatever those courses may be, that lead to poor outcomes – whether that’s continuation, completion of courses or not getting good, skilled jobs at the end – those courses will be the focus of recruitment limits by the Office for Students.”
Data released back in March 2019 by the Higher Education Statistics Agency revealed the degrees with the highest non-continuation rate among first degree entrants at UK HEIs.
It suggested that the five highest courses for non-continuation rates included:
computer science – 9.8%; business & administrative studies – 7.4%; engineering & technology – 7.2%; mass communications & documentation – 7.2%; and creative arts & design – 7.2%.
In comparison, medicine and dentistry and veterinary science students had the lowest non-continuation rate at 1.5%.
The term non-continuation is defined as a student not having obtained the qualification they were originally aiming for. This does not take course changes into account, or students who leave within the first 50 days of the course commencement.
But opposition MPs said the measures amounted to a “cap on aspiration” that will restrict choice for young people.
Shadow education secretary Bridget Phillipson said the plans were “simply an attack on the aspirations of young people and their families by a government that wants to reinforce the class ceiling, not smash it”.
Munira Wilson, the Liberal Democrats’ education spokesperson, accused the prime minister of being “so out of ideas that he’s dug up a new version of a policy the Conservatives have announced and then unannounced twice over”.
She added: “Universities don’t want this. It’s a cap on aspiration, making it harder for young people from disadvantaged backgrounds to go on to further study.”
But Sir Philip Augar, the former chair of the Post-18 Education and Funding Review, welcomed the policy.
He told Sky News that while the OfS already has the power to issue fines and regulations on universities and courses that underperform, the plan announced today “puts a bit of teeth into it and it means that they can actually restrict the numbers recruited onto those courses”.
He added: “I’m hoping that there’s a kind of a constructive look at this and that it’s a stick that’s out here that never actually has to be used.”
Susan Lapworth, the chief executive of OfS, said: “Students from all backgrounds are entitled to expect high-quality teaching on courses that lead to successful outcomes after graduation.
“We know that many universities and colleges consistently deliver that for their students.
“But where that’s not the case it’s important that the OfS, as the independent regulator of higher education in England, can intervene to protect the interests of students and taxpayers.
“We look forward to continuing our work on these important issues.”
Representatives of European Union member states reached an agreement on Wednesday in the Council of the EU to move forward with the controversial “Chat Control” child sexual abuse regulation, which paves the way for new rules targeting abusive child sexual abuse material (CSAM) on messaging apps and other online services.
“Every year, millions of files are shared that depict the sexual abuse of children… This is completely unacceptable. Therefore, I’m glad that the member states have finally agreed on a way forward that includes a number of obligations for providers of communication services,” commented Danish Minister for Justice, Peter Hummelgaard.
The deal, which follows years of division and deadlock among member states and privacy groups, allows the legislative file to move into final talks with the European Parliament on when and how platforms can be required to scan user content for suspected child sexual abuse and grooming.
The existing CSAM framework is set to expire on April 3, 2026, and is on track to be replaced by the new legislation, pending detailed negotiations with European Parliament lawmakers.
EU Chat Control laws: What’s in and what’s out
In its latest draft, the Council maintains the core CSAM framework but modifies how platforms are encouraged to act. Online services would still have to assess how their products can be abused and adopt mitigation measures.
Service providers would also have to cooperate with a newly-established EU Centre on Child Sexual Abuse to support the implementation of the regulation, and face oversight from national authorities if they fall short.
While the latest Council text removes the explicit obligation of mandatory scanning of all private messages, the legal basis for “voluntary” CSAM detection is extended indefinitely. There are also calls for tougher risk obligations for platforms.
To end the Chat Control stalemate, a team of Danish negotiators in the Council worked to remove the most contentious element: the blanket mandatory scanning requirement. Under previous provisions, end-to-end encrypted services like Signal and WhatsApp would have been required to systematically search users’ messages for illegal material.
Yet, it’s a compromise that leaves both sides feeling shortchanged. Law enforcement officials warn that abusive content will still lurk in the corners of fully encrypted services, while digital rights groups argue that the deal still paves the way for broader monitoring of private communications and potential for mass surveillance, according to a Thusday Politico report.
Lead negotiator and Chair of the Committee on Civil Liberties, Justice and Home Affairs in the European Parliament, Javier Zarzalejos, urged both the Council and Parliament to enter negotiations at once. He stressed the importance of establishing a legislative framework to prevent and combat child sexual abuse online, while respecting encryption.
“I am committed to work with all political groups, the Commission, and member states in the Council in the coming months in order to agree on a legally sound and balanced legislative text that contributes to effectively prevent and combating child sexual abuse online,” he stated.
The Council celebrated the latest efforts to protect children from sexual abuse online; however, former Dutch Member of Parliament Rob Roos lambasted the Council for acting similarly to the “East German era, stripping 450 million EU citizens of their right to privacy.” He warned that Brussels was acting “behind closed doors,” and that “Europe risks sliding into digital authoritarianism.”
Telegram founder and CEO Pavel Durov pointed out that EU officials were exempt from having their messages monitored. He commented in a post on X, “The EU weaponizes people’s strong emotions about child protection to push mass surveillance and censorship. Their surveillance law proposals conveniently exempted EU officials from having their own messages scanned.”
The latest movement on Chat Control lands in the middle of a broader global crackdown on privacy tools. European regulators and law‑enforcement agencies have pushed high‑profile cases against crypto privacy projects like Tornado Cash, while US authorities have targeted developers linked to Samurai Wallet over alleged money‑laundering and sanctions violations, thrusting privacy‑preserving software into the crosshairs.
Session president Alexander Linton told Cointelegraph that regulatory and technical developments are “threatening the future of private messaging,” while co-founder Chris McCabe said the challenge was now about raising global awareness.
Terraform Labs co-founder Do Kwon asked a US judge to cap his prison time at five years for his role in the collapse of the Terra ecosystem, which erased about $40 billion from crypto markets in 2022.
In a court filing on Wednesday, Kwon argued that a longer term would be excessive given the punishment he has already served and the penalties he has agreed to accept, according to Bloomberg.
Kwon pleaded guilty in August to two counts of wire fraud and conspiracy to defraud after being extradited from Montenegro, where he had been detained. His lawyers said he had spent almost three years behind bars, “with more than half that time in brutal conditions in Montenegro,” and that he had already paid a heavy personal and financial price.
Under the plea agreement, US prosecutors agreed not to seek a sentence longer than 12 years. However, the defense called anything beyond five years “far greater than necessary” to achieve justice. Kwon also agreed to forfeit more than $19 million along with several properties as part of the deal.
Kwon to face prison time in South Korea
After the US sentencing, Kwon’s legal troubles will not be over. Prosecutors in South Korea are pursuing a separate case tied to the same events and are seeking up to 40 years in prison.
Kwon is scheduled to be sentenced by US District Judge Paul Engelmayer in Manhattan on Dec. 11. Prosecutors are expected to submit their own recommendation in the coming days.
After the 2022 Terra crash, Kwon’s whereabouts were largely unknown until Montenegrin authorities arrested him for using falsified travel documents. He served four months in prison there before US and South Korean officials both petitioned Montenegro for extradition, which was complicated by challenges in the country’s lower courts.
Kwon is not the only crypto-related figure who has not gotten off. In 2024, a federal judge sentenced former FTX CEO Sam Bankman-Fried to 25 years in prison. Earlier this month, the case headed back to court as the former CEO challenged his conviction and sentence in a US appeals court, where his lawyers argued that he was denied a fair trial.
The defense said the jury never heard evidence suggesting FTX remained solvent and claims an early narrative that customer funds were stolen shaped the case before Bankman-Fried could properly defend himself.
Australia’s government has introduced a new bill that will regulate crypto platforms under existing financial services laws after an industry consultation saw cautious support for the legislation.
Assistant Treasurer Daniel Mulino introduced the Corporations Amendment (Digital Assets Framework) Bill 2025 on Wednesday, which would require crypto companies such as exchanges and custody providers to obtain an Australian Financial Services License (AFSL).
“Across the world, digital assets are reshaping finance,” Mulino told the House on Wednesday. “Australia must keep pace. If we get this right, we can attract investment, create jobs and position our financial system as a leader in innovation.”
Daniel Mulino introducing the bill to the House on Wednesday. Source: YouTube
The Treasury launched a consultation over a draft of the bill in September, which Mulino told crypto conferencegoers was “the cornerstone” of the Albanese Government’s crypto roadmap released in March.
The local crypto industry largely supported the draft legislation, but many told the consultation that the bill needed further clarity and simplification.
New bill to include safeguards for crypto held for clients
Mulino told the House it’s currently possible for a company to hold an unlimited amount of client crypto “without any financial law safeguards,” adding the risks of scams or frauds like FTX “cannot be ignored.”
“This bill responds to those challenges by reducing loopholes and ensuring comparable activities face comparable obligations, tailored to the digital asset ecosystem,” he said.
Currently, crypto platforms that simply facilitate trading only need to register with the Australian Transaction Reports and Analysis Centre, which has 400 registered crypto exchanges, many of which are inactive.
The legislation would focus on the companies that hold crypto for customers, “rather than the underlying technology itself,” Mulino added. “This means it can evolve as new forms of tokenisation and digital services emerge.”
Crypto bill adds two new license types, exempts small players
The bill amends the Corporations Act to create two new financial products, a “digital asset platform” and a “tokenized custody platform,” both of which will need an AFSL.
The license will register the platforms with the Australian Securities and Investments Commission. Currently, only exchanges that sell “financial products,” such as derivatives, must register.
Mulino said anyone “advising on, dealing in, or arranging for others to deal in” crypto will be treated as providing a financial service that requires a license.
Under the bill, crypto and custody platforms must meet ASIC’s minimum standards for transactions, settlements and holding customer assets. They must also give a guide to clients explaining their service, fees and risks.
Mulino said the bill exempts “small-scale” companies from licensing, those with less than 10 million Australian dollars ($6.5 million) in transaction volume in 12 months, along with those that deal or advise on platforms “incidental to their main, non-financial activities.”
The bill outlines an 18-month grace period on licensing, which Mulino said gives “relief for businesses trying to do the right thing.”
The bill is likely to quickly pass the House, where Prime Minister Anthony Albanese’s center-left Labor Party holds a 94-seat majority. It will then head to the Senate, where Labor may need the support of the crossbench and opposition to pass it.