(4 years, 5 months ago)
Lords ChamberMy Lords, in the light of these Covid-19 emergency measures, which are entirely understandable, what help will the Government provide to our excellent universities, which, as we heard earlier, are contributing significantly to our understanding of this emergency and to its solution? We need to recognise that those universities now face the triple whammy of uncertainty over A-levels and admissions for the autumn, and therefore fees from UK students, the loss of overseas student fees and other income—for example, from residencies—and, in the light of the falls in stock markets internationally, a potential emergency revaluation of the USS pension scheme.
Universities are separate to this Statement. It is down to the discretion of vice-chancellors following the Public Health England guidance, but we are working with universities and the Treasury in relation to the financial implications. The Secretary of State mentioned particularly the anticipated drop in international students later on in the year, so we are working closely with them and anticipate that on a case- by-case basis they will keep some of their accommodation occupied along with some of their boarding houses. Looked-after children, estranged students and students who are care leavers will potentially need to stay on campus. We are dealing with those issues, and I will write with any further detail to the noble Baroness.