Despite severe financial struggles across the university sector, over two-thirds of vice-chancellors at cash-strapped institutions enjoyed significant pay rises last year. The Mail has the story.
Of 66 institutions known to be making redundancies or taking cost-cutting measures, 43 gave their vice chancellor a pay bump.
Some were awarded pay package boosts of up to 26%, with many pocketing total deals worth well over £400,000 a year. …
It comes as Universities U.K., which represents vice chancellors, warned finances in the sector had deteriorated “fast” and demanded Government help.
Consultant Public First has called for a £2.5 billion fund to provide state-backed loans for universities to avoid them going under. It warned that ministers must plan for at least one university collapsing. …
In one example, Teesside University announced a “university-wide voluntary severance scheme” earlier this year – but its Vice Chancellor’s total remuneration package rose by 17%, from £312,139 in 2021/22 to £364,305 in 2022/23.