London — An Oxford University college said it would not remove a statue of the 19th-century colonialist Cecil Rhodes that has been a target of British antiracism protests due to high costs and complex heritage planning rules.

Oriel College has been under pressure for several years from the #RhodesMustFall campaign which argues the statue on its facade glorifies racism. The movement stepped up again during last summer's global wave of antiracism protests...

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