UK Universities Face Financial Crisis Without Government Bailout
Education Secretary Bridget Phillipson insists institutions must manage their budgets independently amidst growing financial risks.
- 40% of English universities are projected to run budget deficits this year.
- Severe measures include job cuts, course closures, and potential bankruptcies.
- International student restrictions have further strained university finances.
- The government plans to enhance regulation to ensure financial stability.
- Universities UK calls for emergency support to prevent closures.