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Oxford University faces grave risks

Author: chandra_avinash

Oxford University faces “grave” risks and needs more than £1 billion (US$1.6 billion) investment in the next decade to bring its “unfit for purpose” facilities up to a world-class standard, the institution’s outgoing vice-chancellor, John Hood, warned. He admitted that the university was budgeting to make a loss for the fourth year in a row. Hood said Oxford was budgeting for a loss of around £8 million this year.

His replacement, Andrew Hamilton, said Oxford faced tough times and needed defending against “political opportunism and crude social engineering” as debate on its role looked set to intensify.