🚨🚨when ministers aren’t bashing UK universities they love to boast about them. Rightly. But unless something changes on funding there will be a lot less to boast about in 10 years time. /1
As Simon Marginson Higher Education prof at Oxford University explains the UK is in danger of getting back to the funding crisis levels that sparked need for tuition fees…/2
These charts by @amy_borrett explain the basic problem. Triple whammy of inflation, #Brexit and risky over reliance on international students to x-subsidise undergrad teaching (previously used to make up research grant shortfalls). /3
And demand is only going to grow in this decade because of demographic bulge of 18yos. FT calculations based on ONS population projections suggest the UK will need to find an additional 45,000 university places in 2030 if current rates of participation are to be maintained./4
The challenge as Sheffield Hallam VC Chris Husbands @Hallam_VC acknowledges is that neither pupils nor politicians want to hear arguments for better funding — if UK wants to keep a globally competitive offer/5
@Hallam_VC There are possible fixes as Nick Barr at LSE (who was instrumental in original fees discussion) explains, but not at all clear Labour has any more stomach than Tories to address. /6
@Hallam_VC But as Tim Bradshaw and Vivienne Stern of @RussellGroup @UniversitiesUK argue, if UK wants be a “science superpower” and a cutting edge knowledge economy, it will have to make choices. /7
@Hallam_VC @RussellGroup @UniversitiesUK This is a classic story of the British frog getting boiled. It’s not that top unis disappear, or UK doesn’t still do cutting edge research, but overall it faces chronic slippage if it fails to invest in its future. That will mean some very hard choices. ENDS
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What he's getting at is that #Brexit is not, as is still widely supposed, a one-off event that companies adjust to.
It's a permanent friction that makes UK companies a risker bet for your supply chain than an EU company. And that matters for maufacturing/2
That's because 50 per cent of UK exports are from manufacturing, and of those that go to EU, around 50 per cent feed into EU supply chains -- so they make bits of things that criss-cross Europe to become whole things that then get exported to rest of world. /3
This was interesting session. The 'chart wars' are a bit baffling if you're not an economist. I'm not. But I am a reporter. Gudgin argued #Brexit had no effect on the economy, but I don't know how that squares with all the conversations I've had with business in last 6 years/1
I get you can argue over the quantum of #brexit impact -- Springford model says -5.5% GDP, Portes reckons that fees too high, says thinks -2.5%...Jessop said -1%, but transitory...but "nothing" surely doesn't pass the sniff-test (to quote Gudgen on Springford's Doppelgangers /2
The empircal work by Jun Du at Warwick and Thomas Sampson at LSE on the numbers of traded lines/relationships, for example, can't amount to "nothing"; nor can UK parlous trade performance; even if non-differentiated impact on EU v RoW exports isn't yet explained/3
Graham Gudgin says that @JohnSpringford "doppelganger" method of analysing Brexit is a "statistical artefact" -- one that is used by Office of Budget Responsibility in their March 2023 forecast.
Gudgin concludes that Brexit has had no real impact on UK economy. And talk about Brexit masks real reason for productivity crunch. OBR, Bank of England, CER etc and BBC/FT that report these studies are distracting.
Now @JohnSpringford responds to criticisms of his doppelganger method. Says that its misleading to compare individual countries. The Doppelganger composite smooths out differences, which is why it makes better counterfactual.
Was the problem "cr*p" civil servants who Davis says were too close to the EU and blinded by the fact that their EU interlocuters were "nice" to them...or was it witless and confused politicians, too lazy to do their homework (see Boris above) and too weak to face trade-offs?/2
It really takes a special kind of cheek to blame Whitehall for the #Brexit mess -- and when they did come with crazy sh*t (like Theresa May's dual-track customs scheme in Chequers) it was because the politicians were too busy chasing unicorns to be sensible /3
As @jdportes says, this change will have “profound” impact on UK labour market. Some will win, others lose. @JohnSpringford sees combo of “higher wages and prices and less output” in sectors that can’t automate /2
We’ve already seen, for EG, shift in NHS workforce and agricultural labour. Biz argues that yes we need to train/find homegrown talent but there is limit of availability, so govt needs to open more sectors to lower visa threshold/3
Credit to Sunak and @chhcalling, they have definitely shifted the mood with Brussels on NI Protocol negotiations. Officials say an agreement on data sharing looks likely to pave way to "substantive discussions" (??🚨Tunnel claxon🚨??) on outstanding issues. All that said.../1
Both sides are talking about a "step by step" approach and expecations of a "big bang" deal, as @tconnellyRTE reported yesterday are reasonably low, certainly before the Jan 19 deadline for fresh elections in Northern Ireland /2
It remains the case that any forseeable deal between the EU and UK is going to fall short of the DUP's "7 Tests" and the kind of maximalist re-write demands on the face of the NI Protocol Bill...but that doesn't mean it couldn't contain a lot of UK wins/3