Brink of collapse | UK universities face decline - what could this mean for firms' recruitment?

UK universities could face closure as 40% report struggling with budget deficits, according to a new report from the Office for Students (OfS). This news may illustrate not only what the future holds for higher education, but what it holds for the future of UK business in Britain also.

The report suggests that universities may have become over reliant on international students as a means to prop up sought-after income, with UK students choosing alternatives to higher education, such as apprenticeships or starting work right away.

Yet, fewer international students are coming to the UK to study every year - especially considering the recent news of Deloitte, HSBC and KPMG revoking job offers to foreign graduates after salary thresholds for foreign workers were recently hiked by the government.

With universities on the brink of collapse, we must ask ourselves why this is happening and what implications this is likely to have on the UK workforce?