>Here is a quote from a great post on this subject by a professor of English literature at a British university:
It’s quite likely that I will be out of a job in eighteen months or so. The funding cuts announced by the government in the wake of the Browne review are particularly savage in the subject area where I work, and in the kind of institution where I work. The emphasis on the so-called STEM (Science, Technology, Engineering, Maths) subjects means that, in effect, arts and humanities subjects are going to be denied any funding at all, and will have to survive on vastly increased students fees. The real terms cut for a department like mine in the sector of the university market we are in is about 98%. Whether there is a pool of students prepared to pay those fees is another matter, and it seems clear that lots of departments will close, and it is by no means inconceivable that entire universities will have to shut up shop. And, you know, I somehow don’t think that will be Oxford and Cambridge. Already, redundancies have been announced, and I know of several institutions where departing staff are simply not being replaced.