Four in 10 universities face cuts (UK)

"Almost four in 10 universities will see their public funding slashed this year, new figures show. Some 51 of England's 130 universities have received cuts in cash terms for 2010/11 compared to 2009/10, according to information published by the Higher Education Funding Council for England (HEFCE). The figures include an GBP82 million cut to teaching funding. Among the biggest losers is the London Business School which has had its funding cut by 12% in cash terms for 2010/11, while the Courtauld Institute of Art's funding has been slashed by 11.2%. This could be due to more research funding going to science-based subjects."