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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.
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