Quiet Collapse of British Universities

Imagine a UK industry that generated £23 billion in export revenue, contributed £63 billion to the economy, and provided nearly 1 million jobs. You might think it would be touted as a great success story, perhaps even encouraged. But, British universities are in crisis, 24 universities could face insolvency or closure within 12 months. Government cuts, market reforms and a decline in visas for foreign students have left a gaping hole, causing a wave of cost cutting, job losses and declining export revenue. Is this the end of the road for British universities? 0:00 Problem 0:32 Where did it go wrong? 1:53 Success Story 3:29 Too Many Students 6:17 Value of Degree 7:12 Image Problem ► Please SUBSCRIBE! https://www.youtube.com/c/economicshe... Sources https://www.aljazeera.com/opinions/20... https://www.ft.com/content/649d3c64-b... https://ifs.org.uk/articles/degrees-m... https://wonkhe.com/blogs/if-the-gradu... https://www.thetimes.com/money/family... https://qmucu.org/qmul-transformation... https://migrationobservatory.ox.ac.uk... ABOUT ----------- ► https://www.economicshelp.org was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including: ► Economic Short Cuts https://amzn.to/3IgxupC ► 50 Essential Economic Ideas https://amzn.to/3IgxndG ► Cracking Economics. https://www.economicshelp.org/shop/cr... ► What Would Keynes Do? Amazon https://amzn.to/2xShqq4 ► Economics Without the Boring Bits https://amzn.to/48T1hA9