The University of Cambridge, having suffered hard times before and
after the First World War, prospered during the post-war years up
until the 1970s. During that period British governments were
generous to universities, and respected their independence. As this
attitude dissolved, Cambridge obtained a surge in non-government
research grants and contracts, and became world famous. But it is
now suffering from a financial squeeze caused by repeated cuts in
government funding, accompanied by a tide of political
intervention. Using the university's financial records and other
statistics, Robert Neild traces the nature and scale of these
changes and how they have affected the character of the university,
plotting its financial history from 1850 to the present day.
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