It’s perhaps fitting that it was the week of Dr Who’s 50th anniversary when a ‘black hole’ reportedly emerged in the BIS higher education budget. Over recruitment of HNDs and HNCs at private colleges has been reported by the Guardian as the cause of this serious financial problem.
Already there are reports of immediate pressures to BIS, SLC and HEFCE and possibly even to Research Council budgets as a result. According to the Guardian, BIS must find £900m of savings by 2015/16 – the first £600m of that in 2014-15, the final year of this Parliament and Spending Review period. Andy Westwood takes us on a tour of the negotiations that will now be taking place inside government and explores what might be cut in light of these latest revelations.