Budget and Universities

[damekindness]

The Budget hasn't offered any lifelines to universities. Those institutions teetering on the edge of financial stability will not welcome the increased National Insurance Contributions that will add £370 million to the sectors wage bill and there's no sign of tuition fees budging.

The future looks bleaker than ever - I guess it's going to be even more grim than it is now.

I didn't catch all of it but yes...I did think that about NI contributions.

The NI contributions are going to cause merry havoc with research posts as funders won't increase budgets.

I had the same thought. Staff are the largest cost of any university. I suspect it will push my institution into compulsory redundancies.

I am regretting voting Labour. My university will be hit hard.

Our university has just announced a voluntary redundancy scheme for staff. I had thought we could stave it off for another year but sadly I was wrong.

I took mine, but it was a year's salary. It won't be that good now.

Tuition fees are being increased, so hopefully some good news

Except that the increase still doesn’t meet the basic cost of educating an undergrad.