17 Nov 2022
MillionPlus, the Association for Modern Universities, has today (17 November) commented on the Chancellor’s Autumn Statement.
Rachel Hewitt, Chief Executive of MillionPlus, said:
“I am pleased that the Chancellor has heeded calls to protect R&D expenditure and that levelling up remains a priority. MillionPlus represents universities from the south west, to the Black Country to the Highlands and Islands, that produce the translational and impactful research that makes a difference in the regions in which they are based.
“With higher education poised and central to developing and addressing the skills needs in the UK’s workforce, we look forward to working with Sir Michael Barber and the Government in its skills reform programme, including the establishment of the lifelong loan entitlement, as it ramps up next year.
“The cost-of-living crisis continues to cut into university and personal finances and I remain deeply concerned that the further measures that MillionPlus identified to insulate students from rising prices have not been adopted and students therefore remain excluded from cost-of-living payments for individuals. Jeremy Hunt is correct in his assessment that investment in education is investment in growth and it would be tragic if the cost of living is the barrier which stops someone taking the opportunity to study and boost their skills.”
Notes to editors