Universities struggling to compete with industry on research pay

This starts at the PhD level when even full research grants (£20k) don't cover much more than the rent and bills (c. £14.5K for a room) in cities like London

Yep UK academia is becoming very uncompetitive we need to cut ridiculous amounts wasted on senior managers and excess bureaucracy and reward the academics properly. My lectures generate £20,000 per hour in revenue....so where is all the money going ???

I say this is complete nonsense. Universities pay ridiculously high salaries to senior managers, most of whom have no discernible abilities and acheive absolutely nothing during their tenure. At least 95% of these people are absolutely incapable of holding down a busy university teaching job. The idea that they could survive more that 5 min in any truely competitive industry is laughable. Senior management salaries need to be capped.

Good article adumbrating much of what has been known for ages. In response to #3, I thought the article was about attracting top end research academics rather than attracting more of the usual gang of HE senior administrative and management wetwipes. The HE sector chose to follow the neoliberalism corporate model and now they have to contend with the consequences of being hoist by a very big petard.