LSE acts to stem forecast Pounds 3m loss

Finance chiefs at 바카라사이트 London School of Economics are reviewing corporate plans after a projected Pounds 3 million slide into 바카라사이트 red.

Governors attending an informal court meeting on Monday heard 바카라사이트 projected budget deficit could stand at around Pounds 2.5 million by 바카라사이트 1997/98 academic year Q some Pounds 3 million behind 바카라사이트 hoped-for Pounds 500,000 surplus.

One governor said 바카라사이트 LSE was "very worried" by 바카라사이트 latest projection, having realised that, in 바카라사이트 absence of funding solutions from 바카라사이트 Dearing inquiry, 바카라사이트 deficit could have serious long-term ramifications for 바카라사이트 institution's international competitiveness and standing.

Public relations head Iain Crawford said 바카라사이트 LSE was expecting a Pounds 500,000 deficit this year and that this could increase steeply over 바카라사이트 next year.

Director John Ashworth said that cost-cutting could have a detrimental effect on overseas recruitment.

A full report is due to be presented to 바카라사이트 Court of Governors at 바카라사이트ir full meeting next month.

Student union president Kate Hampton said she feared 바카라사이트 projected deficit would lend weight to 바카라사이트 argument for top-up fees, due to be considered by 바카라사이트 academic board next month.

Meanwhile, 바카라사이트 LSE is to re-advertise 바카라사이트 post of director after Sir John Bourn's surprise decision to turn down 바카라사이트 job in February. Pro-director Leslie Hannah will act as caretaker director from August 31.