Britain Council on brink of insolvency after heavy Covid-19 blow

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Britain Council on brink of insolvency after heavy Covid-19 blow
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It has to shut more than 200 examination centres and suspend teaching in much of the world. FMTNews Britain

LONDON: The UK Treasury has stepped in to rescue the British Council from the brink of insolvency amid coronavirus woes, but it probably needs a longer-term solution, the chief executive of the country’s international cultural and education agency says.

But the coronavirus pandemic forced the Council to shut more than 200 examination centres and suspend teaching in much of the world, hammering its finances. Exams and class fees constitute around 60% of its £1.25 billion annual revenue. “The one year is survivable for most institutions, including our own. The longer-term answer depends on to what degree things shift permanently.”

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