Just One University Will Escape Funding Cuts

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ALL BAR one of England's 130 universities had their spending slashed for the next academic year yesterday.

Hardest hit by the funding cuts were the newer universities - many of them ex-polytechnics - while the most prestigious universities such as Oxford and Cambridge escaped relatively lightly. Only one, the London School of Hygiene and Tropical Medicine, saw its budget increase in real terms - it went up by 2.2 per cent.

In straight cash terms, there were five winners - including three from the Russell Group (which represents 20 of the country's leading research institutions). They were Oxford, the London School of Economics and Imperial College London. The …