Endowments receive Tories' endorsement

December 15, 2000

Endowing UK universities would reduce bureaucracy, save public money and offer institutions more freedom and resources, shadow chancellor Michael Portillo said in a speech to the London Business School this week.

He said Conservative proposals to endow universities with up to £1 billion per institution from the sale of publicly owned communications bandwidths would free universities from the "drip feed" of government money.

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