Seven of the elite Russell Group universities have posted losses totalling nearly £200m, but many still bumped up pay for their top staff, analysis by The i Paper reveals.
More than a third of UK universities (64) posted budget deficits in the 2024-25 financial year, data from the Office for Students (OfS) and Higher Education Statistics Agency (Hesa) shows.
Of these, 24 have now had losses for three years running – which a former government university policy adviser said can be an indicator of “significant financial difficulties”.
Shorts
These include three Russell Group members: Durham University, the University of Nottingham and Cardiff University.
