Sum of universities’ fears: cuts of up to a quarter and VAT rise

“University funding in the UK could be cut by a quarter and up to £200 million could be lost each year in extra VAT after this week’s emergency Budget confirmed some of the sector’s worst fears. Delivering his ‘unavoidable Budget’ for cutting the deficit, George Osborne, the Chancellor of the Exchequer, said that departmental spending would fall by an extra £17 billion by 2014-15 compared with Labour’s plans …” (more)

[Simon Baker, Times Higher Education, 24 June]

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: