Angela Rayner MP, Labour’s Shadow Education Secretary, commenting on an analysis by the Office for Students showing a majority of Vice-Chancellors pay has continued to rise, said “The Government’s own regulator now accepts that top pay at our universities continues to surge even while front line staff face real terms pay cuts and student debt soars.
“This is just another result of the Tories’ failed free market experiment in higher education. Only yesterday the Minister admitted that he will stand by and allow universities to go bust while today it is clear he has turned a blind eye to runaway pay packages for their top bosses.
“There is no sign that the Government will take serious action to tackle the endemic inequality in our universities.
“Labour will take action by enforcing a 20:1 pay ratio and banning Vice Chancellors from sitting on their own remuneration committees.”