Britain's university sector, a key contributor to the country's economy and global standing, is facing an unprecedented crisis that threatens its very existence, according to an analysis by Glen O'Hara, a professor of modern and contemporary history at Oxford Brookes University. Despite collectively generating over $61.1 billion in annual income and $28 billion in export earnings, universities across the UK are grappling with declining funding, widespread cuts, and internal divisions. Experts cited in an analysis by Prospect magazine warn that without fundamental re-engineering and strategic direction, the sector risks a gradual decline, with some universities potentially facing bankruptcy. Attempts to offset losses by recruiting more students in cheaper-to-teach subjects and attracting international students have reached their limits, with the latter now in decline. As the next government grapples with this crisis, stopgap measures such as small funding injections, slight fee increases, and encouraging university mergers may provide temporary relief.

Source: Forbes June 19, 2024 18:19 UTC