The University of East Anglia has warned staff of possible compulsory redundancies as its £30m deficit for 2023-2024 is expected to swell to £45m in three years' time. What has gone wrong?
The university initially told staff it had a deficit of £23m.
Later, towards the end of February, it revealed "a revised budget deficit of £30m for 2023-2024, rising to £45m in three years' time".
To put that in context, the most recent accounts show UEA's total income for 2021-22 was £295.5m.
Compulsory redundancies have not been ruled out, but a spokeswoman for the institution said that option would be the "last resort".
