Again i seem to be the bearer of bad news. 
The Higher Education Funding Council for England have released funding figures for public funding next year,which see reductions in funding for more than three quarters of UK universities.
In a breakdown:
LSE will see a reduction of 8.3%.
LBS will have to cope with a 13.9% cut.
Courtauld will be affected by a 12.9% decrease.
The union claims that UCL used an expected decrease in its grant as a premise for cuts, but is in a “sound” financial state, with cuts being “motivated by a Management political agenda.”
UCL has announced that it is seeking to make £20 million in savings, which UCU claims would put up to 400 jobs are at risk.
I read about this happening a while back. where 25 000 people will be made redundant by 2014.
With this, its going to mean less students, less teachers, and even less graduates to fill jobs in future. dont you agree?