British Council’s Debt Crisis Deepens
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British Council’s Debt Crisis Deepens
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The British Council is in crisis, facing more job cuts and shuttering operations in 11 countries as it struggles to repay a £197 million pandemic-era loan—still unpaid in principal despite £42 million in interest. With no expected profit until 2029 or 2030, staff protests have erupted across Europe, and internal votes of no confidence have been passed. Attempts to settle the debt by selling art or wiping it clean were rejected. The National Audit Office calls the situation “deeply concerning,” demanding a sustainable fix—not just more time. Amid cost-cutting and talks with the Foreign Office, the Council vows to keep promoting global peace and prosperity despite mounting pressure.
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