The pound has fallen to a six-month low after Rachel Reeves refused to rule out hiking taxes to plug a hole in the public finances in a major pre-Budget speech.Sterling fell 0.3 per cent to $1.3064 - its weakest since April.

The Resolution Foundation said the scale of the hikes needed meant the Chancellor (pictured) should ignore the election promise.

The LSU Board of Supervisors voted Tuesday to name McNeese State leader Wade Rousse its next system president, and it has picked the University of Alabama Provost Jim Dalton as both chancellor and provost of its Baton Rouge campus.

It's the first time since 2012 that LSU will have separate leaders for the system and the Baton Rouge campus, according to reports.

Wade Rousse has been selected by the LSU Board of Supervisors as the 29th LSU president, signaling a shift toward a corporate-oriented leadership after past presidents with lengthy academic backgrounds. James Dalton will serve as the system's vice president and chancellor.

LSU's new president and chancellor take over as the university continues to search for a football coach and athletic director.

Kevin Howell was formally installed as the 15th chancellor in NC State University history on Thursday morning in a celebration at Reynolds Coliseum.

The University of Michigan will begin the search for a new chancellor of UM-Dearborn in the coming weeks. Dominic Grasso, who is serving as interim president of UM, plans to retire at the end of his current role and will not return to UM-Dearborn as chancellor, the university said.

University of Michigan Interim President Domenico Grasso, who previously held the position for seven years, has appointed a 16-member committee to conduct a nationwide search for his permanent successor.