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article imageUK universities told to cut costs

By Samuel Okocha     Jun 13, 2011 in World
UK universities have been told to cut costs rather than complain over insufficient funds. For universities who think the rise in tuition fees to £9,000 will not be enough, Lib Dem deputy leader Simon Hughes say they should cut wages of highly paid staff
“Lots of universities have highly paid vice-chancellors, highly paid lecturers - actually not lecturing for many hours a week.” Mr. Hughes told the BBC.
“So the universities need to do a bit of cost-saving themselves so that they are delivering a good product for the students but not spending money on things that are not for the product.”
He added that some universities may close shop due to the low patronage of their courses, mixed with the fact that there are students who feel they are not getting much value for money spent.
"A lot of students in a lot of universities say they are not getting a good enough product and when the new regime for paying comes in it will much more obvious whether they are being overcharged for what they are getting.
"I think a few universities which have struggled to make their books balance may disappear. I think other universities may realise that they are putting on courses which are not very popular," he said.
New policy may mean hard times
UK universities who want to balance their revenue profile from foreign students appear to be in for hard times; this is because foreign student visa numbers are to be cut by tens of thousands over five years to reduce migration to the UK.
The government has said a curb on numbers of overseas students will help achieve the goal of reducing net migration to below 100,000 a year.
"We expect our new student visas policies to lead to a net reduction of around 230,000 student migrants over the full term of this parliament, from 2011 to 2015," says a Home Office statement. "That is a 230,000 reduction in net migration."
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