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What the bond market thinks about the prospect of a university crisis

Summary:
The most important government review into UK higher education in many years, expected later in 2019, is chaired by Philip Augar, a former equities broker and author of The Death of Gentlemanly Capitalism.So it's fitting that there's a financial angle to the prospective changes. One of them is a cut to the maximum amounts universities can charge their students.This would be a problem. Universities are heavily reliant on this income, which is currently £9,250 a year per domestic undergraduate student. Tuition fees make up more than half of the £35.7bn that flowed into the sector in 2017.It would also come at a time when talks of a looming “crisis” in higher education abound, with waves of redundancies across some UK institutions over recent months, and fears over volatility in flows of

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