University funds slashed by almost £1bn
England’s universities were told today they will have their budgets slashed by nearly £1bn over the next academic year.
The Higher Education Funding Council for England (Hefce), which funds universities on behalf of the government, said £940m would be stripped from universities’ budgets for teaching, research, buildings and other areas, a 9.5% cut.
Universities said they were alarmed and feared they would be in for “a rough ride” …