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Er is it a questionable scenario? UK universities all have very similar businesses, customer bases, staff unionisation levels and risk profiles. It's quite imag
by peoplewindow 8y ago
Er is it a questionable scenario? UK universities all have very similar businesses, customer bases, staff unionisation levels and risk profiles. It's quite imaginable that if there was a sudden drop in the number of students attending university they might all get in dire straits simultaneously.
- pjc50 8y agoThey have very different financial reserves, especially the Russell Group ones, and this also presumes that the government would let its entire tertiary education system collapse without intervening.
- peoplewindow 8y agoWell, the intervention is to change the pensions, surely. And the goal is to intervene before a collapse occurs rather than afterwards. If the argument is "we don't need to change the university pension scheme because when they go bankrupt the government will bail them out", I suppose that should be made directly.