Massive cuts raise spectre of student outflux
The coalition government is cutting the higher education budget by 40%. But science, technology, engineering and maths – the Stem subjects – will be protected, as will the budget for scientific research.
The budget will be reduced from £7.1 billion to £4.2 billion (US$11.2 billion to US$6.6 billion) by 2014-15.
Universities UK president Steve Smith (above) said the cuts would mean the biggest change in the sector for more than 40 years and state funding would be withdrawn for teaching in many subjects. The arts and humanities appear to be the most vulnerable and there would be serious repercussions for British universities in the overseas market …