Which sector of the economy do you think is being hardest hit by the coronavirus – construction, retail, transport or catering?
Well, you are all wrong, and need to do some more homework. The answer is – education.
Many people probably don’t even think of education as part of the economy. The groves of academe are surely above such sordid considerations as money and finance?
Not a bit of it. Money is the lifeblood of education – endowments from wealthy alumni, catering and accommodation fees, conference facilities, and the biggest of the lot – attracting lots of fee-paying students every year.
The trouble for the education sector is that it is uniquely vulnerable to the coronavirus pandemic.
For hundreds of years its business model has been to bring thousands of people together from across the country, and around the world, to sit together in rooms for three years and talk to each other.