Universities: Financial Sustainability Debate
Full Debate: Read Full DebateLord Cromwell
Main Page: Lord Cromwell (Crossbench - Excepted Hereditary)Department Debates - View all Lord Cromwell's debates with the Department for Education
(3 months, 1 week ago)
Lords ChamberI think the noble Lord is aware that the Government do not comment on leaks.
If the Minister is not too busy whispering on the Front Bench, could she confirm whether, if a major university—say, one of the Russell group—were to fall over financially, it would be too big to fail, or would the Government bail it out?
If the noble Lord looks at the recent data that has been produced on the financial health of our universities, he will see that larger universities, such as those in the Russell group, are in very good financial health and continue to show significant surpluses. Of course the Government have a role to play in making sure that student interests are protected in the case of a university failing.