(14 years ago)
Lords ChamberYes, it would take time, even for those universities which do not have as many foreign students as his university does.
Will the noble Lord also address how Sheffield Hallam University, of which I have the privilege to be chancellor, will secure endowments? Many good universities contribute hugely to the local economy and educate people who would never normally have gone to university in the past. They will not now be able to raise the volume of endowments or charitable funds that the noble Lord has mentioned.