My comment: It is said British universities are poor relative to American ones. They are indeed.
Harvard University endowment earns 21.4 percent return for fiscal year. Harvard Gazette, Sept 22, 2011 http://news.harvard.edu/gazette/ ... rn-for-fiscal-year/
(Harvard University's endowment "was valued at $32 billion for the fiscal year that ended June 30, 2011")