Ministers tell universities to limit vice-chancellors' pay rises
Richard Garner has been Education Editor of The Independent for 12 years and writing about the subject for 34 years. Before becoming a journalist, he worked as a disc jockey in London pubs and clubs and for a hospital radio station. His main hobbies are cricket (watching these days) and theatre. On his days off, he is most likelt to be found at Lord’s or the King’s Head Theatre Club.
Monday 10 February 2014
Ministers waded into the row over vice-chancellors’ pay on Monday night - by telling institutions they should curb pay rises to their top management.
Figures show vice-chancellors in the Russell Group, which represents 24 of the UK’s most selective universities, received pay rises averaging eight per cent last year - at a time when their employees were pegged to just one per cent. Several are now receiving pay and perks packages of more than £400,000 a year.
On Monday night Business Secretary Vince Cable and Universities Minister David Willetts, unveiling the universities budget for 2014/15, warned: “We are very concerned about the substantial upward drift of salaries of some top management.
“We want to see leaders in the sector exercise much greater restraint as part of continuing to hold down increases in pay generally.”
Next year’s budget will see the universities’ teaching grant slashed by £945 million this year with the prospect of a further £246 million cut the following year - reducing it to £1,669 million.
However, universities are expected to receive increased fee income from students of £2,600 million to offset the cuts.
The implications of the budget for the next two years are spelt out in a letter from Mr cable and Mr Willetts to the Higher education Funding Council for England, which must decide now how to distribute the money.
Sally Hunt, general secretary of the University and College Union - which has been involved in strike action over the one per cent pay offer to employees, said: “UCU does welcome the letter’s concerns about ‘substantial upward drift of salaries of some top management’.
“Ministers are right to rebuke greedy vice-chancellors for their unjustified big pay rises.”
In their letter, Mr Cable and Mr Willetts say they had put £200 million into the teaching capital budget - to improve facilities in teaching subjects like engineering, science, technology and maths - considered vital for the future of the economy.
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
£20000 per annum: Ashdown Group: A highly reputable business is looking to rec...
£25000 - £40000 per annum: Recruitment Genius: Join a fast growing software co...
£20k + Benefits: Guru Careers: We are seeking a Graduate / Digital Account Exe...
£18k: Guru Careers: We are seeking a Junior Designer / Design Graduate to join...