Those loans these managers are taking on bind universities to a high cash reserve (hundreds of millions) for years, leading to more cutting in running cost just to meet the covenant.
This is why we need a governance review alongside a financial structure reform. #UKHE
Those loans these managers are taking on bind universities to a high cash reserve (hundreds of millions) for years, leading to more cutting in running cost just to meet the covenant.
This is why we need a governance review alongside a financial structure reform. #UKHE