Education secretary acknowledged crisis in sector with many institutions facing severe financial difficulties
Universities in England facing severe financial difficulties should not expect a government bailout, the education secretary has said, despite warnings from the sector of thousands of job losses, course closures and even bankruptcies.
With 40% of institutions projected to run budget deficits this year, Bridget Phillipson acknowledged the crisis. She said she was “determined to develop a brighter future for universities” and put them on a “sustainable footing in the long term”.