An excellent, though rather depressing, analysis of the TEF on Wonk HE:
There is a remarkable contradiction in all of this. The government is proposing a substantial apparatus of scrutiny, surveillance, intervention and interpolation, which will occupy untold hours of academic staff time. It involves delegating new powers to the minister and to BIS and creating a new regulatory landscape that will take years to bed in. In total it represents a very substantial incursion of the state into universities, even if the paper insists that the TEF will be administered at arms length from government. In the name of creating a dynamic market the green paper proposes to build a glorious state bureaucracy.