The financial outlook for UK higher education has worsened, increasing the risk of a large provider becoming bankrupt, according to the university regulator.
The sector’s finances are “towards the most pessimistic end” of modelling from last May, increasing the risk of a “sudden market exit” by a large provider, according to reports from an Office for Students board meeting in December, which were published on Wednesday.
Universities have announced redundancies since the start of the year in an effort to offset the mounting pressure from softening international recruitment and rising employment costs. Unions warn that more than 10,000 staff jobs are at risk.
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