Business
Thousands more university jobs cut as financial crisis deepens
Hayley ClarkeEducation reporter and
Emily Doughty
PA MediaUniversities have collectively announced more than 12,000 job cuts in the last year, new analysis from the University and College Union (UCU) suggests.
Additional cost savings announced in the same period are equivalent to a further 3,000 jobs, the union says, but universities have not confirmed whether these savings will be made by cutting staff.
UCU members will vote on potential UK-wide strike action later this month over a 1.4% pay offer made over the summer.
Employers say that offer “clearly does not reflect the true value employers place on staff”, but that it is the “only prudent option” given the scale of the financial challenge facing the higher education sector.
Four in 10 English universities are now believed to be in financial deficit, according to the Office for Students.
Raj Jethwa, chief executive of the Universities and Colleges Employers Association (UCEA), says difficult decisions like redundancies and restructures are having to be “carefully considered” by all institutions, but that they were striving to do so in an “open and fair way”.
But Jo Grady, UCU general secretary, described the cuts as “brutal”, adding that staff had become “demoralised, exhausted and furious” and that “undervalued and poorly served” students were feeling the impact too.
She told the Today programme there was “no replacement for stable funding from government” to address the financial challenges and that the current model was “destroying higher education”.
The government said it had taken the “tough but necessary decision” to increase tuition fees last year to boost income for universities, and would soon set out further plans for reforms in new legislation.
‘I will have to live with my mum in my forties’
Zak HughesDr Zak Hughes, a chemistry lecturer at the University of Bradford, is at risk of redundancy.
“There are a lot of stressed and upset people who are struggling to deal with it, both within the school but also more widely within the institution,” he says.
Zak, who has worked at the university since 2018, says he now faces the prospect of having to move back home to live with his mum if he loses his job.
“I won’t be able to pay my rent, I will be in my forties and living back at home,” he says.
Even if the 44-year-old retains his job, the chemistry course at the university is being phased out, with similar closures happening across the country.
Zak says this limits the opportunities for him and his colleagues.
“People could, even if they lost their job, get a job at another institution. That’s not happening now,” he says.
“They’re probably looking not only at the end of the a job, but really the end of their career in academia.”
Sanskrity Baraili, sabbatical officer at the students’ union in Bradford, says she has already seen the impact of cuts on students, especially in support services such as cleaning teams and disability services.
While she believes the cuts come from a wider issue within higher education, she says “students are worried about what’s going to happen next”.
Sanskrity BarailiA spokesperson for the university said: “Like many other universities, we are having to make cost-savings to protect the student experience and ensure we deliver meaningful outcomes for graduates.”
They said they had expanded the support services available to students, adding that “our priority remains putting students first and widening access to higher education.”
They said the university had a responsibility to ensure it remained financially stable, including regularly reviewing courses with “persistently low intake such as chemistry”.
They called on the government to take “swift and decisive action” to tackle the challenges faced by the sector.
‘I’d have had second thoughts about uni if I knew’
The University of Edinburgh has announced it plans to make £140m in cuts, equivalent to about 1,800 jobs, according to the UCU.
Caspar Cubitt, who is studying theology, says the uncertainty has “put all of us on edge”.
“There’s a lot of gossip which swirls around you,” he says.
“It’s when you write back to your mum and dad and they ask how uni is going, you say, ‘Well, my degree is in trouble.'”
While the 22-year-old says he is still receiving the same level of support from his department, he has found that access to study spaces and module choices has been affected.
Caspar CubittWith two years left at university, he is now worried what further cuts may mean.
“I would have had second thoughts [about going to Edinburgh] if I knew that this is how they handle budget crisis and this is how they run finances,” he says.
Professor Sir Peter Mathieson, principal and vice chancellor of the University of Edinburgh, said the university had been “fully transparent about the necessary steps we need to take to safeguard the future of our university”.
“We remain firmly committed to ongoing dialogue as we take the necessary steps to enable us to deliver excellence and continue to be a bold, imaginative and world-leading university.”

Get our flagship newsletter with all the headlines you need to start the day. Sign up here.
Business
Govt keeps petrol, diesel prices unchanged for coming fortnight – SUCH TV
The government on Thursday kept petrol and high-speed diesel (HSD) prices unchanged at Rs253.17 per litre and Rs257.08 per litre respectively, for the coming fortnight, starting from January 16.
This decision was notified in a press release issued by the Petroleum Division.
Earlier, it was expected that the prices of all petroleum products would go down by up to Rs4.50 per litre (over 1pc each) today in view of variation in the international market.
Petrol is primarily used in private transport, small vehicles, rickshaws, and two-wheelers, and directly impacts the budgets of the middle and lower-middle classes.
Meanwhile, most of the transport sector runs on HSD. Its price is considered inflationary, as it is mostly used in heavy transport vehicles, trains, and agricultural engines such as trucks, buses, tractors, tube wells, and threshers, and particularly adds to the prices of vegetables and other eatables.
The government is currently charging about Rs100 per litre on petrol and about Rs97 per litre on diesel.
Business
Gold price today: How much 22K, 24K gold cost in Delhi, Patna & other cities – Check rates – The Times of India
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The yellow metal had closed at Rs 1,46,500 per 10 grams in the previous session.Since the start of 2026, gold prices have surged Rs 9,600, or around 7 per cent, supported by persistent demand in the physical market. In overseas trade, spot gold slipped USD 12.22, or 0.26 per cent, to USD 4,614.45 per ounce, after having touched a record high of USD 4,643.06 per ounce in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
The price of 22K gold in Delhi is Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 13,290 per gram, up Rs 10, while 24K gold is priced at Rs 14,498 per gram, higher by Rs 10.
Gold price in Mumbai today
Mumbai markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 13,130 per gram, down Rs 75, while 24K gold costs Rs 14,323 per gram, lower by Rs 82.
Gold price in Kolkata today
Kolkata markets price 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold stands at Rs 14,318 per gram, lower by Rs 82.
Gold price in Jaipur today
In Jaipur, 22K gold costs Rs 13,140 per gram, down Rs 75, while 24K gold is priced at Rs 14,333 per gram, lower by Rs 82.
Gold price in Hyderabad today
Hyderabad sees 22K gold at Rs 13,125 per gram, down Rs 75, while 24K gold is priced at Rs 14,318 per gram, lower by Rs 82.
Gold price in Bhubaneswar today
Bhubaneswar markets see 22K gold priced at Rs 13,125 per gram, down Rs 75, while 24K gold costs Rs 14,318 per gram, lower by Rs 82.
Gold price in Patna today
In Patna, 22K gold costs Rs 13,130 per gram, down Rs 75, while 24K gold is priced at Rs 14,323 per gram, lower by Rs 82.
Gold price in Lucknow today
Lucknow markets see 22K gold priced at Rs 13,140 per gram, down Rs 75, while 24K gold costs Rs 14,333 per gram, lower by Rs 82.
Business
Serial rail fare evader faces jail over 112 unpaid tickets
One of Britain’s most prolific rail fare dodgers could face jail after admitting dozens of travel offences.
Charles Brohiri, 29, pleaded guilty to travelling without buying a ticket a total of 112 times over a two-year period, Westminster Magistrates’ Court heard.
He could be ordered to pay more than £18,000 in unpaid fares and legal costs, the court was told.
He will be sentenced next month.
District Judge Nina Tempia warned Brohiri “could face a custodial sentence because of the number of offences he has committed”.
He pleaded guilty to 76 offences on Thursday.
It came after he was convicted in his absence of 36 charges at a previous hearing.
During Thursday’s hearing, Judge Tempia dismissed a bid by Brohiri’s lawyers to have the 36 convictions overturned.
They had argued the prosecutions were unlawful because they had not been brought by a qualified legal professional.
But Judge Tempia rejected the argument, saying there had been “no abuse of this court’s process”.
-
Politics1 week agoUK says provided assistance in US-led tanker seizure
-
Entertainment1 week agoDoes new US food pyramid put too much steak on your plate?
-
Entertainment1 week agoWhy did Nick Reiner’s lawyer Alan Jackson withdraw from case?
-
Business1 week agoTrump moves to ban home purchases by institutional investors
-
Sports1 week agoPGA of America CEO steps down after one year to take care of mother and mother-in-law
-
Sports5 days agoClock is ticking for Frank at Spurs, with dwindling evidence he deserves extra time
-
Business1 week agoBulls dominate as KSE-100 breaks past 186,000 mark – SUCH TV
-
Business1 week agoGold prices declined in the local market – SUCH TV

