Singapore and the United Kingdom will work together to raise standards in private education in both countries. A Memorandum of Understanding (MOU) to do so was signed on Friday by the Council for Private Education (CPE) Singapore and the Quality Assurance Agency for Higher Education (QAA) United Kingdom.
The government is being urged to prevent universities being bought by private equity firms after the College of Law, a charity that provides teaches law courses in London and six other cities across England, was sold to a private equity firm for £200m.
Figures show that leading Russell Group universities spent £382 million (US$613 million) on the highest paid academics and managers last year – twice as much as in 2003-04. It also emerged that the proportion of university spending on top staff – those paid at least £100,000 a year – increased from just 1.8% to 3.8%, writes Graeme Paton for The Telegraph.