Earlier this month, Universities Scotland told The Herald they believe the Labour Chancellor's change could add £45million to the wage bill for Scotland's universities. As well as the hike to National Insurance, he told staff the institution had failed to meet targets for student recruitment in 2023-24. (Image: Neil Hanna)He told staff the university's outgoings were "consistently growing faster than our income and that we require to change our operating model to ensure we remain financially sustainable." In a statement to the press, Prof Mathieson said: "The university costs £120m each month to run. “The impact won't just be felt by Scotland's Universities either - Labour's NI tax hike could cost the Scottish Government £500m, and Scotland's voluntary sector £75m.

Source: The Herald November 18, 2024 14:33 UTC