The UK’s centrally-planned universities could do with a shake-up. One way to do this is to begin the privatisation of higher education in those areas most suitable for it – particularly business education.
Higher education has many purposes. But the most important is the preparation of young people to enter the world of work, and this purpose should be pursued most determinedly in business schools. The UK has more than 100 university-based business schools, teaching around 15 per cent of higher education students. When the first were set up in the 1960s, there was a debate about whether they should be free-standing, or lodged in traditional universities. This debate should be revisited.
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