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Universities report patchy financial performance

The latest figures from the Higher Education Statistics Agency reveal inequalities between the financial returns of UK universities.

Hesa released a fresh set of data on the finances of UK universities in 2016-17 on 26 April. It suggests declining surpluses in England, but reserves remain healthy.

Compared with the previous year, total income for UK universities increased by £922 million, or 2.7 per cent, to stand at £35.7 billion. This is mostly explained by a rise of £931m, or 5.5 per cent, in income from tuition fees. Total reserves now sit at £44.27bn, a £4bn increase on the previous year, partly the result of new accounting conventions introduced in 2016.

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