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The newest University in London, London Metropolitan, is in trouble. Earlier this week, a crowd of over 100 disgruntled teachers, students and staff gathered outside the Holloway campus to protest against cuts of up to 500 jobs. It seems the cuts are the result of bad book keeping by management that led to years of over-reporting of student completion rates to the Met's funding body HEFCE (Higher Education Funding Council for England). Now HEFCE is demanding a repayment of £38 billion and, as usual, the tops intend to produce the bulk of it in the form of staff cuts.