Business Secretary, Vince Cable, made a statement to the House of Commons on 12 October on the review of higher education and student finance. The statement followed the publication of the independent Review of higher education funding and student finance chaired by Lord Browne.
Oral statements are made after Question Time (or at 11am on a Friday). Statements usually relate to matters of policy or government actions.
At the end of a statement, MPs can respond or question the government minister on its contents.