I was pleased to read that the evidence is still incredibly strong that most graduates earn more than those without a degree, as pointed out in your editorial (The Guardian view on universities: public confidence in degrees is wavering – ministers should shore it up, 28 June). But the debate on earnings often overlooks a crucial point – widening access is one of the most effective levers for improving regional productivity and strengthening the national economy.
At the University of Northampton, our most recent assessment shows that we generate £366m of “gross value added”, a measure of economic activity similar to GDP, locally, rising to £823m nationally – more than £4 returned for every £1 of income. With the higher-education sector generating £52.3bn of income, any large-scale losses would first and foremost hit the public purse as well as further compound this country’s significant productivity problem.
