Peers criticise OfS ‘nonchalance’ on ‘looming crisis’ in finances

It's a pity that the report concentrates only on the OfS's remit under the HERA, where it "does not have a principal statutory objective or duty set out in legislation". The OfS has one very specific statutory duty, as Principal Regulator of the many universities that are exempt charities, to do all it reasonably can to promote their compliance with charity law (Charities Act 2011, s 26). Omitting to even mention this (despite the terms of reference) is unfortunate. More focus on the charitable status of universities, and the legal consequences that flow from that status, would be a gamechanger. See 'The University-Charity: Challenging Perceptions in Higher Education' - www.universitycharity.co.uk

I knew there was a reason we still have a House of Lords!