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What happens if a university goes bust?

By Robert MacIntosh, Pro Vice Chancellor for the Faculty of Business and Law, Northumbria University, Newcastle

Governments face difficult choices when industries fail. They can stand by while private businesses collapse and see the resulting loss of jobs and revenue. Or they can step in and use public money to prop up these firms.

The Scottish government intervened in 2019 to rescue Ferguson Marine, the last shipbuilding firm on the river Clyde, but faces ongoing controversy on whether…

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