The Founding Fallacies of Privatisation – University bankruptcies loom

daryanblog

cambridge-university_hero-1530x860-700x415

For sometime I’ve been speculating about the consequences of the Tories/New labour defacto privatisation of universities. As a result, some universities haven gotten in way over their heads financially and its just a matter of time before one goes bust. But the government’s official policy is that there will be no bailouts of third level institutions. And, as can probably guess, the other week we learn that, contrary to this policy, a university WAS bailed out to the tune of nearly a million pounds.

As I’ve mentioned before, several universities in the UK are in dire financial straits. At least three uni’s were recently reported as being close to bankruptcy (living hand to mouth on short term credit), with one (presumably the one that was bailed out) already in talks with insolvency lawyers. This should not come as a surprise. Universities were encouraged by the…

View original post 1,282 more words

Advertisements

About daryan12

Engineer, expertise: Energy, Sustainablity, Computer Aided Engineering, Renewables technology
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.