The COVID-19 pandemic poses a significant financial threat to the UK higher education sector. IFS researchers estimate losses could fall between £3 billion and £19 billion, or between 7.5% and nearly half of the sector’s overall income in one year.
A specially-designed online survey of over 4,000 parents in England between 29 April and 12 May shows that children from better-off households are spending 30% more time each day on educational activities than are children from the poorest fifth of households.
"Doing a degree on average adds significantly to earnings over a lifetime", Paul Johnson writes. But still, "we do not have an education and training system that provides...routes into good employment for enough young people."