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  • UK universities warn that they face 'meltdown'

    01/13/2010 6:31:19 AM PST · by LibWhacker · 7 replies · 467+ views
    Breitbart | AP ^ | 1/12/10 | Raphael G. Satter
    LONDON (AP) - Oxford, Cambridge and other British universities said Tuesday that the government's plan to cut hundreds of millions of pounds (dollars) from their funding would put their world-class reputations in jeopardy. Unlike most elite institutions in the United States, Britain's top schools rely almost exclusively on taxpayers keeping them going. But strapped for cash, the government has slashed its higher education budget by 600 million pounds (nearly $1 billion) over the next three years—a figure British media say comes to a 12 percent reduction when combined with other cuts.