"This week, it was the University of Essex’s turn to hit the headlines by declaring a £13.8m shortfall, blaming a 38% drop in applications from foreign postgrad students for its plans to freeze pay and promotions. "
It's a sorry state of affairs really but it's also been on the cards for a while. It's almost a boom and bust situation. I don't know how we begin to address it in a satisfactory way.
The redundancies and course closures proposed at many struggling UK universities follow a decades-long drift away from the idea of higher education institutions as charities whose non-commercial public benefit needs to be supported by profit-making activity