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The University of Edinburgh’s finances have been thrown into chaos after the institution switched to a new centralised payments system, with reports of suppliers and PhD students not receiving money owed to them.

Academics based at the institution have claimed that research is “grinding to a halt” because of the problems, which saw new “significant purchases” suspended for nearly six weeks, leading to some laboratories starting to run out of supplies.

The university has apologised to those who have not received payments and promised that it is working to clear a backlog as soon as possible, but some claimed that they had been left with no money during the cost-of-living crisis.

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