Here is only one of the answers to this question at my own consumer forum. The link to this thread can be found
HERE and here is my latest answer:
"Oh and BTW...they get that charitable status because they are able to give a few poor students paid-for places at their establishments.
It has been a bone of contention for many years that the likes of Oxford and Cambridge only pay lip service to this cause. Because of this there has been mutterings in the parliament that such posh universities should LOSE their charitable status.
HERE is an online feature that discusses how universities are looking at dropping their charitable status so that they can become fully corporate and so that this will make them more able to list on the stock exchange and get loans in the normal way that all corporations get loans.
Please read this link carefully as it will describe just how many univesities and colleges are looking for full business status".
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If this DOES happen I would hope that the payment of taxpayers money to such entities in subsidies would then stop as surely they cannot have their cake and eat it too.
