What the NUS (National Union of Students) leaders say about its financial crisis makes no sense.
The leaders says that NUS needs to cut back on its democracy in order to survive. But the few financial figures available suggest that the financial crisis, such as it is, has nothing to do with high spending on democratic procedures, let alone on campaigning.
NUS has not yet submitted its accounts for the year ending June 2018. But we can get some picture from previous years’ accounts. Income from membership and expenditure on wages seem stable.