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The looming crisis in higher education

This is a powerfully succinct statement from the House of Lords Industry and Regulators Committee on the Office for Students:

The higher education sector faces a looming crisis. Long-term problems with financial sustainability were compounded by the challenges of the COVID-19 pandemic, with in-person teaching disrupted and acute financial pressures on providers. Subsequent inflation has increased costs for institutions, staff and students alike and eroded the value of the income providers receive from tuition fees. Reduced EU research funding is a major concern, as is the ongoing industrial action which is both caused by and has contributed to the instability in the sector.

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