Insolvency a ‘real possibility’ at University of Dundee, MSPs told

Staff at the University of Dundee are being cut in a bid to tackle a large deficit (Alamy/PA) -

Insolvency at the University of Dundee is a “real possibility”, MSPs have been told, as the new principal admitted “misleading” information had been given about its finances.

Professor Shane O’Neill, the interim principal and vice-chancellor at the institution, said the scale of the financial problems only “crystallised” in November last year.