Universities: Vice-Chancellors’ Pay - Question

Part of the debate – in the House of Lords at 2:59 pm on 12th September 2017.

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Photo of Lord Storey Lord Storey Liberal Democrat Lords Spokesperson (Education) 2:59 pm, 12th September 2017

I am grateful for the Minister’s reply. The 2017 survey of vice-chancellors’ pay showed the top eight vice-chancellors earing over £400,000. Similarly, the salaries of chief executives of multi-academy trusts can be counted in hundreds of thousands of pounds. Only today, an education report from the OECD says that teachers are worse off today than they were in 2005. Paraphrasing what the Prime Minister said—that industry fat cats were the unacceptable face of capitalism—does the Minister not consider that some vice-chancellors are the unacceptable face of education?