One of the best attended UCU meetings for some years heard UCU National HE Officer tell members that universities in the UK are sitting on over £1 billion in surpluses. Bath alone had a surplus of over £10 million last year and this is expected to rise to £13 million this year. ‘We need to invest in staff as well as shiny new buildings’ he argued as members were urged to support the call for action against the fifth annual pay cut in a row. Full report of the meeting to follow …