The majority of UK higher education providers recorded a deficit in the past financial year, new figures show, as pension fund valuations continue to disrupt university accounts.
Data from the Higher Education Statistics Agency (Hesa) summarises the financial accounts of 267 institutions for the 2021-22 academic year – with 148 (55 per cent) recording a deficit for the year.
This was double the proportion in the previous year (28 per cent), and the highest percentage on record.
Hesa cautioned that financial data for 21 providers had not been finalised by the cut-off date for publication.
