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The following article was published in our article directory on February 23, 2011.
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British Lancashire University Deny Faced Going Bankrupt Crisis

Article Category: Business

Author Name: xia zihui

British central Lancashire university to clarify, although also be the British government cut education funds effect, but does not face a collapse of the crisis.
Last Saturday, including The Times in several British media reports, because the British government cut education funds, the central Lancashire university facing financial difficulties.

The Times newspaper reported Saturday, central Lancashire university must put tuition transferred to 8,000 pounds to maintain school all the expenses and competitiveness.

Reported that the school principal Mr McVey card to tears to tears, dr teaching and administrative staff, "explained in government funding cuts after, the school has lost 30 million pounds of funds, plus a foreign student visa requirements, the university is expected to 2014 convention 29 billion pounds, resulting in loss of school mess up."

Yesterday, the Central Lancashire University (Central Lancashire) leads Of vice principal phoenix said in a statement to Britain, like other universities, the school is working on some measures to deal with the government cut education funds.

Statement said, the university in the UK and overseas have assets, so whether academic or financial aspects, are in very good position to face up to the new challenges.

Phoenix, points out that the central Lancashire university financially strong, make school funds keep in Britain all university top three position.

The central Lancashire university in the last fiscal year obtains 250 million pounds (about 517 million) in surplus, the school proterozoic possesses 2 billion pounds of assets, including 80 million pounds of cash and investment.

The British government previously announced that it would cut up in 4 years 4.2 billion to 71 billion pounds of education funds, each big universities began to face the economic difficulties crisis.

British 113 universities tuition fee from the current 3290 pounds increased to 90 pounds, just can maintain academic level and maintain competitiveness. But the government to limit the university tuition fees, asked them to keep the maximum limit around 6,000 pounds.

British central Lancashire university to clarify, although also be the British government cut education funds effect, but does not face a collapse of the crisis.
Last Saturday, including The Times in several British media reports, because the British government cut education funds, the central Lancashire university facing financial difficulties.

The Times newspaper reported Saturday, central Lancashire university must put tuition transferred to 8,000 pounds to maintain school all the expenses and competitiveness.

Reported that the school principal Mr McVey card to tears to tears, dr teaching and administrative staff, "explained in government funding cuts after, the school has lost 30 million pounds of funds, plus a foreign student visa requirements, the university is expected to 2014 convention 29 billion pounds, resulting in loss of school mess up."

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