Ben Wallace: £24bn funding boost is enough to fill MOD blackhole

Ben Wallace today admitted he does not know how the Government will fund a £24 billion budget boost for the Ministry of Defence amid fears UK foreign aid spending will be raided. Boris Johnson has announced the armed forces will receive an extra £16.5 billion over the next four years on top of a previous … Read more

Thirteen universities facing closure after £19bill blackhole caused by pandemic

At least 13 universities are at risk of closure amid a financial black hole in the sector of up to £19billion due to the pandemic, research suggests. They may need Government bailouts, debt restructuring or mergers to survive. And up to 20 universities could go to the wall if there is a significant second spike of … Read more

UK universities face £2.5bn financial ‘blackhole’ due to 230,000 drop in student numbers

Universities could face a £2.5 billion funding ‘black hole’ amid predictions that 121,000 fewer students from abroad will enter higher education during the coronavirus pandemic, a report has warned.  Tens of thousands of jobs risk being lost if the Government fails to take urgent action to mitigate the impact of the crisis, according to research … Read more