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Number of universities in deficit grows

Annual higher education provider finance data published by Hesa in full for the first time

The number of higher education institutions reporting a financial deficit has seen a significant rise in the past three years, new data show.

Total income in the sector increased by more than £2.4 billion last year, but expenditure rose by £2.6bn, according to data from the Higher Education Statistics Agency released on 21 March. Forty-one UK institutions posted a pre-tax deficit in 2017-18, compared with 32 in 2016-17 and 19 in 2015-16.

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