Today, I wanna talk about an important aspect of education which is the education expenditure of the UK, compared with other European countries. Based on a recent paper published in the economist journal, UK has only spent 1% of its total GDP on tertiary education, which was insufficient as compared with other European countries such as Finland and Denmark. For instance, the expenditure of Spain is close to the UK in some cases in 2007 and this survey conducted among 50 major cities around the country. However, Denmark and Finland spent much more than the other European countries. So, if we decide to compare the education expenditure of the UK with various developing countries, we will find mind-boggling figures in this regard compared to the other countries.
The lecture compares the expenses of education institution among different countries in Europe. UK has only spent 1% of its GDP on education institutions, which was insufficient in comparison to other European countries including Denmark and Finland. Additionally, it also denotes that the expenditure of Spain is close to that of UK. By contrast, Denmark and Finland spent much more than other European countries.
