Not that you would immediately get this from their press release which, to put it mildly, accentuates the positive.
Thursday, 17 December 2009
Further Cuts at the STFC
Following on from the news that their current awards would be time-limited, the STFC has announced further cuts and a retreat from expensive, long-term commitments overseas. In an attempt to block the £40m hole in its budget, the Council announced yesterday that it would be withdrawing from 24 projects, totalling some £115m over 5 years, including the Gemini telescopes, the NLS, and UKIRT. Elsewhere, physicists and astronomers should expect a 25% cut in studentships and fellowships and a 10% cut in grants next year.