"This envisages a significant shift in where funding is allocated.
We always envisaged a different solution to that," he said.
Only the National Union of Teachers manifesto, Vote for Education, which also wants an end to league tables, envisages a return to full local authority oversight of schools.
Hypo Real Estate Holding, the lender nationalized by the German government, gave a similar outlook Friday, saying that rising loan loss provisions meant it did not "envisage a return to profitability before 2012".
Shane Williams and Ronan O'Gara are honest enough to concede their tours could effectively be over if they fail to shine against the Emerging Springboks and neither individual is young enough to envisage a return to the fray in 2013.
Though presumably he does not envisage a return to 1838, when the only way that another Raphael, "St Catherine of Alexandria" could be saved for the nation was for the then chancellor to dip into his own pocket and buy it himself.
Net profit and return on equity was higher than envisaged in the business plan (euro337m and 6% respectively).A new business plan envisages a return on equity of 14% by 2001 and the bank is working on a number of innovative projects, including the securitisation of more than euro1.5 billion of non-performing loans, which is the largest transaction of its kind in Europe to date.
Asked whether he could envisage a return as soon as 2015, the PM said "absolutely" and stressed he would give him a "very warm welcome".
Bob Carlson Bob Carlson, editor of Bob Carlson's Retirement Watch, doesn't envisage a return to the double-digit pace of inflation in the '70s, but the falling dollar and rising commodity prices convince him that income investors will shortly feel its effects.
"Activity in housing and mortgage markets is set to remain broadly flat in 2011 and we do not envisage a return to the lending levels that characterised the middle of the last decade for many years to come," the CML concludes.
