The Bank of England is aware the economic situation for households is "difficult" but it must get inflation down - that's the message from Andrew Bailey following today's interest rates rise. "But if you look at the research grant, the loans, the money we give – £1.5bn Strategic Priorities Grant plus the £750 million on teaching facilities – universities get £40bn a year." That doesn't mean there aren't some, and I know OfS is investigating some… and I completely get the challenges that are being faced. ![]() It said there were increasing pressures on university budgets due to inflation, and that the current fee is now worth only £6,600 compared with prices in 2012/13.īut Mr Halfon said: "If you look overall, the vast majority of universities are in good financial health. ![]() Universities UK (UUK), which represents 140 institutions across Britain, had called for a "national conversation" on funding for higher education. He said he would not want to put further pressure on students already struggling with costs. Robert Halfon, minister for skills, apprenticeships, and higher education, told Times Higher Education there was "no way" he would advocate for tuition fees to be pushed above the £9,250 current level in England. ![]() The government's universities minister has insisted tuition fees will not be increased while the cost of living crisis continues.
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