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The vultures descend on the UK's science budget

Exit stage left Lord Sainsbury, Minister for Science, enter stage right mandarins bearing hatchets. They then wield these to take lumps out of the budget of the Research Councils (RCs).
 
In all, in what Research Councils UK euphemistically calls "Revisions to Research Council budgets," they have helped themselves to around £60 million from the budgets of the science RCs. Why the hand in the till? As the EPSRC press release puts it "the DTI has agreed with Treasury that some funds will need to be found from within the Science Budget in order to meet financial pressure elsewhere within the DTI".
 
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