Oxford University warns of losing talented students

Last week, Harvard consolidated its position as the wealthiest university in the world, reporting that its endowment has risen in value to £21bn.

The endowment provides about a third of the university's operating budget, which last year was £2.4bn.

In comparison, the University of Oxford last year had an income of £880m.

http://www.bbc.co.uk/news/education-15170451