Sunday, December 16, 2018

Nearly half of UK colleges at risk of collapse in the next decade due to cuts - Nicola Bartlett, Mirror

Nearly half of colleges in England could be at risk of being unable to pay their debts in the next decade as cuts to funding bite. Ministers have admitted that a pensions black hole will cost colleges over £100 million every year. So far 38 colleges have been put on notice to improve their finances, but the government have admitted that this figure is likely to more than double in the next decade. And the colleges have been given a stark warning to make sure they understand insolvency procedures. https://www.mirror.co.uk/news/politics/nearly-half-colleges-could-risk-13622326