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13 UK universities could go bust without a bailout.

A report by the Institute for Fiscal Studies states that around 13 universities in the UK could end up with negative reserves due to COVID-19.

The Institute for Fiscal Studies published its findings on the impact of the COVID-19 outbreak on universities in the United Kingdom. They found that the university sector's losses could be between £3 billion and £19 billion in 2020. They further reported that around 13 UK universities educating around 5 percent of students would end up with negative reserves. They said these universities will not be able to run without a government bailout or debt restructuring. One of the suggestions put forward by them is 'a very tightly targeted bailout aimed at keeping these institutions afloat.'

The COVID-19 pandemic has given rise to a lot of potentially dangerous misinformation. For reliable advice on COVID-19 including symptoms, prevention and available treatment, please refer to the World Health Organisation or your national healthcare authority.

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