Sunday, 23 January 2011 10:27 'More than 950 university staff, including all vice-chancellors, were paid more than the Prime Minister – an eight per cent increase on the year before. One senior administrator at Oxford was given a salary of almost £600,000, thought to be the highest-paid university post in the country. Last night, the disclosure prompted claims that universities were showing an “arrogant disregard” for public opinion. It comes just weeks after ministers backed plans to triple the cap on student tuition fees from just over £3,000 to £9,000 a year, sparking riots in Westminster and prompting fears that some teenagers will be priced out of higher education. The move also comes despite the biggest cuts to university budgets in a generation.' Read more: Row Over Hike in University Vice-Chancellors' Pay Sunday, 23 January 2011 10:21 'While all of Spain's major banks passed last year's European Union-organised bank stress tests, five out of the 19 cajas included in the test failed it. Speaking before the announcement of the restructuring plan, analysts at ratings agency Fitch said the country would need a "credible" plan to ensure it maintained its sovereign credit rating at its current level. David Riley, global head of sovereign ratings at Fitch, said he expected the cost of the recapitalisation of the cajas to come in at about €50bn (£42bn) to €60bn.'
Sunday, 23 January 2011
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