To be fair many UK universities, like Exeter, are not as fortunate as LSE in having the same high levels of philanthropic donations. www.timeshighereducation.com/news/donatio... If they did they won't have to be taking such drastic action.
Donations to elite UK universities fall despite philanthropy pushFundraising becoming ever more important source of income but analysis shows institutions outside of London and Oxbridge struggling to secure increaseswww.timeshighereducation.com