Editing Learning and Skills Council (section)

===Economic mismanagement in college re-building===
In July 2009, the [[Public Accounts Committee (United Kingdom)|Public Accounts Committee]] described the LSC's handling of its college building programme as 'catastrophic mismanagement'. It resulted in a £2.7&nbsp;billion debt, with 144 college building contracts having to be terminated abruptly, and leaving many colleges with huge financial penalties for breach of contract with civil engineering companies. 23 colleges have debts of more than 40% of their annual income, with some facing possible financial collapse. The re-building programme had renovated over half of England's colleges since 2001.{{Citation needed|date=April 2015}}