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]

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