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Mr Edwards has written to Prime Minister Sir Keir Starmer to express his concern and has asked for an in-person meeting.

Sir David Behan, the OfS chairman, says a university going bust “isn’t imminent now”, but to reduce the risk higher education needs to be “radically reimagined”.

Sir Tom, from New Cumnock in East Ayrshire, started in business selling trainers from the back of a van but eventually built a property and equity business once valued at more than £1bn.

Sir Percival David was born into a wealthy family in Bombay in 1892 and inherited a baronetcy from his father, as well as ownership of the family company.

Met commissioner Sir Mark Rowley told the BBC he was "deeply troubled" by talks so far on its annual settlement for next year.