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The Open University warns that student demand in Wales is outstripping funding

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It is calling on the Welsh Goverment to provide more funding to support flexible learning

The Open University.

Rising demand for flexible higher education in Wales is outpacing funding putting future workforce development and access to study at risk, warns the Open University.

The university says its ability to support growing numbers of students could come under increasing pressure without action from the new Plaid Cymru Welsh Government, despite a sharp increase in learners seeking flexible learning.

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Figures show that student numbers at the Open University in Wales have more than doubled over the past decade from 7,000 to over 16,000 currently.

Numbers accelerated notably during the pandemic – with numbers rising by 32% in 2020/21 -and have continued to climb steadily since. More than half of all part-time higher education students in Wales now study with the Open University.

Despite this sustained growth, funding for flexible higher education has fallen significantly in real terms over the last ten years. The university said in today’s prices, this equates to a reduction of approximately £288 (18.98%) per student compared with 2015/16 levels, placing increasing pressure on provision as student numbers continue to rise.

The university warns that while demand is continuing to rise, the financial support system has not kept pace, placing increasing pressure on provision.

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Across all providers in Wales, total funding for part-time higher education provision in Wales was £28.6m in 2015/16. By 2024/25 this had risen to £34.8m. The Open University says if funding kept pace with inflation, the equivalent figure would have been around £38.3m in 2024/25 terms.

At the same time, student numbers studying part-time across Wales increased by around 12%, meaning the system is supporting more learners with comparatively fewer resources in real terms.

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On a per-student basis, funding equated to £1,135 in 2015/16. Adjusted for inflation, this would be around £1,519 today, compared with actual funding of £1,231 per student – a real-terms reduction of approximately 19%.

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In the current 2025-26 financial year Medr, the Welsh Government’s post-16 education body, has allocated the Open University £22.9m for its Welsh activities.

While the university doesn’t incur the same campus related costs of physical universities it stressed that flexible and distance learning provision still requires significant investment in teaching, student support, specialist course development and support services – particularly given the high proportion of part-time, working, disabled and widening participation learners it supports.

Ben Lewis, principal and nation director of the Open University in Wales, said:“Flexible learning has moved firmly into the mainstream, becoming central to how many people access education and develop their skills throughout their lives.

“We are seeing sustained growth in demand from people who are balancing study with work and family commitments, but the current funding model is not keeping pace with that reality.

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“Without early action from the new Welsh Government, there is a real risk to the long-term sustainability of flexible higher education. This matters not just for universities, but for Wales’ future workforce, its economic growth, and the delivery of the government’s priorities.

“Flexible higher education plays a critical role in widening participation, enabling people to retrain, upskill and change careers. It helps address workforce shortages in key sectors such as teaching, nursing and social care, and opens up access to higher education for those who may not otherwise have the opportunity.”

The university is calling on the Welsh Government to take action to safeguard and strengthen the sector. This includes improving funding for flexible provision, protecting maintenance support for part-time students, and increasing the amount part-time students can borrow to cover tuition fees.

It says flexible learning helps retain skills within local communities, enabling people to study and progress without leaving their area.

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Many Open University students in Wales use flexible learning to progress in their careers, retrain or access new opportunities while continuing to work and support their families – with learners like Rachel Townsend demonstrating the real-world impact of flexible study.

Rachel, 43, from Ystalyfera, balanced full-time work and raising two children as a single parent while studying for a BA (hons) in social work through a local authority scheme with the Open University.

Previously working in social care support roles, she had reached a ceiling in her career progression without a qualification. Unable to give up work or attend in-person sessions, traditional university was not an option. Flexible learning provided a route into higher education that could fit around family responsibilities and working fulltime.

Since graduating, she has progressed into senior leadership roles within social care, including managing a hospital social work team, and has now launched her own care home business, supporting people with disabilities and complex needs. Alongside her work, she also mentors and supervises Open University social work students herself, helping support the next generation entering the profession.

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She said: “Without the flexibility of the Open University, I simply would not have been able to study. I was working full time, raising two children on my own and needed to keep earning while improving my qualifications. Traditional university was never a realistic option for me.

“The flexibility meant that I could fit study around my life – often doing coursework in the evenings after the children had gone to bed. It completely changed my future.

“My degree has given me the opportunity to progress in my career, improve my financial stability and ultimately achieve things I never thought would be possible. I’ve gone from feeling stuck in my role to managing teams, mentoring students and now building my own care business supporting others.”

Since 2021/22, 248 social workers have qualified through the Open University in Wales, with annual graduate numbers rising by more than 220%.

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Nvidia clinches deals with South Korean giants include SK Group to advance AI boom

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Nvidia clinches deals with South Korean giants include SK Group to advance AI boom


Nvidia clinches deals with South Korean giants include SK Group to advance AI boom

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Costco cuts prices on Kirkland wings, chocolate almonds, golf balls, sheets

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Costco Tillamook cheese bargain makes membership worthwhile for shoppers: report

Costco has quietly lowered prices on several popular Kirkland Signature items, including products shoppers had previously flagged online as increasingly expensive.

During the company’s most recent earnings call on May 28, executives said the price cuts impacted at least four of its key private-label items, marking a potential relief for consumers as inflation has remained elevated in recent years. 

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The affected products saw price reductions ranging from roughly $1 to $10 across categories spanning food, home goods and sporting equipment, CFO Gary Millerchip said during the third-quarter 2026 call.

The KS Crispy Wings fell from $16.99 to $14.99. KS Milk Chocolate Almonds dropped from $19.99 to $18.99. KS Golf Balls declined from $32.99 to $29.99, while KS King Size Sheets were reduced from $89.99 to $79.99.

COSTCO REVEALS KIRKLAND SIGNATURE ITEM PRICE CUTS

Costco shoppers in Vermont.

Customers look over food items at a Costco store in Colchester, Vt., in August 2024. (Robert Nickelsberg/Getty Images / Getty Images)

The wholesale warehouse said the decision was aimed at offering members maximum value while continuing to undercut competitors, as part of its broader pricing strategy.

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“Our goal is to be the first to lower prices and last to raise them,” CEO Ron Vachris said. 

Millerchip reinforced that approach, adding: “Our goal is to be the first to lower prices where we see opportunities to do so.”

Ticker Security Last Change Change %
COST COSTCO WHOLESALE CORP. 971.87 -0.48 -0.05%

According to social media users, shoppers who have long favored Kirkland’s chocolate-covered almonds said the item has become noticeably more expensive over the years in both the U.S. and Canada.

“They’ve become too expensive,” one U.S. shopper wrote on Reddit a year ago.

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“I love the Kirkland brand 1.5 kg chocolate covered almonds,” another Costco shopper in Canada said a year ago. “They used to be $17 then they went to $20. Now they are $27!! “

SPACE HEATERS SOLD AT COSTCO, OTHER MAJOR RETAILERS FOR YEARS RECALLED OVER FIRE HAZARD

Costco shopper pushing cart outside warehouse

A man pushes a cart outside a Costco supermarket in Los Angeles on March 14, 2020.  (Xinhua/Qian Weizhong via Getty Images / Getty Images)

Costco Wholesale did not specify what prompted the latest price cuts, but the move follows a previous instance over a year ago when the retailer voluntarily lowered prices on select Kirkland Signature products.

In 2024, the price of KS macadamia nuts fell from $18.99 to $13.99, Spanish olive oil 3-liter from $38.99 to $34.99, standard foil from $31.99 to $29.99, laundry packs from $19.99 to $18.99, and the baguette two-pack from $5.99 to $4.99, Millerchip previously said.

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Costco customer wears mask as she looks through clothing

A shopper looks at clothing for sale inside a Costco store in San Francisco on Wednesday, March 3, 2021. ( David Paul Morris/Bloomberg via Getty Images / Getty Images)

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Millerchip added that KS boneless chicken tenders also fell by 13%, resulting in a 21% increase in pounds sold.

“Kirkland Signature offers significant member value compared to the national brands and continues to grow at a faster pace than our business as a whole,” Millerchip said. 

Fox News Digital’s Greg Norman contributed to this report. 

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Hollywood workers rally against Paramount-Skydance deal

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India eyes major bond index entry as tax exemptions sweeten appeal

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India eyes major bond index entry as tax exemptions sweeten appeal
India plans to make a renewed pitch for inclusion of its sovereign debt in major global bond gauges, including the Bloomberg Global Aggregate Index, after exempting foreign investors from capital gains and withholding taxes and vastly widening the investable pool of long-dated securities, officials said.

Reserve Bank of India (RBI) and finance ministry officials may also reach out to the Basel-based Bank for International Settlements (BIS) for talks, they said. BIS has been given a special tax-exempt status in the latest rejig. BIS invests significantly in government securities (G-secs) and enjoys tax-free status everywhere.

India to Pitch for Bond Indices Entry AgainETMarkets.com

Latest policy steps seen upping India’s chances; finmin, RBI to tap newly tax-exempt BIS, others

India eyes major bond index entry as tax exemptions sweeten appeal
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India is set to reapply for inclusion in major global bond indices. This follows significant tax exemptions for foreign investors on capital gains and withholding taxes. The country has also expanded its long-dated securities pool. Officials are engaging with global index operators and the Bank for International Settlements. These moves aim to attract substantial foreign investment into Indian government bonds.


With the latest development, it is expected to bring $7-11 billion into India, one of the officials said. “We would be talking to them (global bond index operators)…There is regular engagement in any case,” said a second official, adding that major concerns have been considerably addressed.
Global Relevance
Issues expressed by bond operators earlier include tax benefits, market access and settlement, as per the official cited.


Clarity on trade settlement oversight is also likely to lift the likelihood of India’s inclusion in the Bloomberg Global gauge, which is tracked by multiple bulge-bracket funds worldwide for passive allocations into fixed income instruments. Even before formal inclusion talks are held, India should draw investments of about $5 billion into specified bonds immediately, market participants told ET.
“We expect these tax exemptions to make investing in Indian government bonds compelling for many foreign investors, and also significantly strengthen the case for inclusion in the Bloomberg Global Aggregate Index, especially if these bonds are made eligible for Euroclear settlement,” said Parul Mittal Sinha, head of markets (India and South Asia), Standard Chartered Bank. “We expect incremental inflows of approximately $5 billion in Indian government bonds from FPIs in the immediate future in response to these announcements, aided by tax exemptions and expectations of improved performance of the rupee versus other Asian currencies.”India has been a part of the JP Morgan Global Bond Index-Emerging Markets from June 2024, Bloomberg’s EM Local Currency Government Index from January 2025, and the FTSE Russell Emerging Market Index since last September. However, Bloomberg’s Global Aggregate Bond Index—one of the world’s most widely used indices—deferred its India inclusion in January, signalling further evaluation of key operational and market infrastructure issues. Back then, Bloomberg’s index services had cited infrastructure bottlenecks related to trading workflows and complex fund registration processes to defer its decision to include Indian instruments on its global gauge.

Typically, index inclusion makes global funds tracking those benchmarks to allocate capital proportionately to the country’s weight. This can potentially spur additional annual foreign fund flows worth tens of billions of dollars into India, lower the government’s borrowing cost and deepen the bond market, analysts said. Higher inflows can also help reverse the rupee fall.

Welcome Moves
A raft of government announcements on Friday brightened prospects of inclusion in the remaining major global indices, said analysts.

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Foreign portfolio investors (FPIs) faced a 12.5% long-term capital gains (LTCG) tax on listed shares and bonds held longer than 12 months and a 20% withholding tax on interest earned on G-secs.

The government brought in an ordinance to scrap these levies. It also added G-secs in tenors of 15-, 30- and 40 years, as well as sovereign green bonds, to the list of specified securities under the fully accessible route for FPIs investments. Earlier, the facility was only available for papers with tenors of up to 10 years.

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Spain's visitor numbers hit new highs as tourists avoid Middle East

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Spain's visitor numbers hit new highs as tourists avoid Middle East

The European country had 9.1 million international visitors in April, the most ever for that month.

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FDVV: Quality, Growth, And Yield Is Why I Continue To Like It

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Oil prices edge higher after strikes on Israel test ceasefire

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Iran said the attacks, its first since an April ceasefire, are the start of “a full week” of strikes

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Amber-Jade Sanderson says critics of the energy transition need to look at what’s happening on the ground.

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Asia markets tumble as tech rout deepens

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Asia markets tumble as tech rout deepens
Asian markets plunged on Monday as investors slammed the brakes on the red-hot AI rally, while Israeli strikes on Beirut sent oil prices and the dollar higher.

An 8% drop for South Korea’s chip-heavy KOSPI benchmark triggered a 20-minute trading halt and has it down almost 17% from last week’s record high.

Japan’s Nikkei fell 3.5% in early trade, though ‌U.S. S&P 500 ⁠and Nasdaq ⁠100 futures made small gains.

The Nasdaq had dropped 4.2% on Friday, with selling concentrated in semiconductor stocks after a hot jobs report ramped up expectations for Federal Reserve interest rate hikes, putting the brakes on what has been a sparkling AI-led rally.

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Two-year Treasury yields rose more than 11 basis points on Friday and benchmark 10-year Treasury futures were about five ticks lower early on Monday morning in Asia.


“The AI-drives-everything narrative frayed last week,” said Bob ⁠Savage, head ‌of markets macro strategy at BNY.
“Whether this is a healthy pause in the nine-week equity rally or a top remains the key question. The ⁠IPO focus on SpaceX and Anthropic is part of the pause – whether to make room for the new market cap or to rethink value.” INFLATION AND ECB AHEAD

The week ahead is headlined by the giant SpaceX listing, expected to price on Thursday and trade on Friday, but will also have inflation in focus with U.S. consumer price data due on Wednesday and central bank meetings in Canada and Europe.

Last week, bitcoin notched its heaviest weekly drop since the collapse of crypto exchange ‌FTX in late 2022, falling about 16%. It was hovering just shy of $63,000 on Monday.

SpaceX’s debut is expected to be followed by other mega IPOs in the coming months from Anthropic ⁠and OpenAI, raising so much money that brokers are nervous it could draw down other assets.

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The Middle East situation also remains delicate, and Brent crude futures were up about 2.6% to $95.45 a barrel on Monday morning after an Israeli attack on Beirut prompted Iran to direct a salvo of missiles at Israeli targets.

OPEC+ agreed on Sunday to the fourth increase in its oil output targets in as many months.

In currency trade the dollar was firm and holding above 160 yen and pushed the Australian dollar to $0.7038. The euro hovered at $1.1518.

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