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Over the coming weeks, we’re bringing you a series of briefings looking at key areas of government and analysing their performance over recent years, the challenges they face and the solutions the new government may look to help them. This week, we’ll be looking at higher and further education. Over recent months, we’ve heard lots of stories about the pressures on university finances, and concern that some universities may go bust. We’ll discuss why this is, what happens if a university goes bust and whether government can do anything to fix the problem. We’ll also discuss longer-term challenges facing the higher and further education sectors. We're joined by Jack Britton and Christine Farquharson, IFS education experts. 00:00 Introduction: University Failures? 00:26 Education policy 01:30 Key challenges facing the government 02:00 Financial Trouble in UK Universities 02:55 Deficit and Insolvency Risks 04:00 Impact of Deficits on Universities 05:14 Why Are Universities Struggling? 06:20 International Students and University Funding 07:10 Squeeze on Further Education Colleges 09:10 What If a University Goes Bust? 13:00 Government's Dilemma: Bailout or Not? 15:00 Tuition Fees vs. Teaching Grants 19:00 Reliance on International Students 22:00 Post-16 and Further Education Challenges 27:10 NEETs and Long-Term Unemployment 29:30 Education and opportunity 39:00 Realigning Funding for Growth 40:30 Skills Policy and Inequality