Government Considering ‘All Options’ Amid Universities’ in ‘Financial Peril’: Minister

Published on September 4, 2024

The universities minister has acknowledged the “financial peril” faced by UK higher education (HE) sector and said that Downing Street is considering “all options” to mitigate risks. Baroness Jacqui Smith said she wants to ensure that “robust plans” are in place to alleviate the financial strain on HE providers. Speaking at the annual conference of Universities UK (UUK), which represents 141 institutions, Smith also noted that HE providers are responsible to plan their finances “prudently.” “You cannot have independence and then also expect there to be a wholly state-funded system, or for example to be in the public sector which would be a very different place for HE to be,” she told the conference....

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