British universities are whipping up a mad boom that’s bound to go bust

By Mary Dejevsky. Town halls and unringfenced government departments are feeling the pinch, but one corner of British public life is conspicuously flush. Visit almost any university in the land and you will find a small city bursting with Portakabins, scaffolding and cranes. If you dare to raise your eyes from the mud puddles, you will see vast hoardings displaying images of glass palaces. More...