The Science and Technology Facilities Council is to go ahead with planned funding cuts, it reported on 26 January. In its press release, the Council said that these included 'a “managed withdrawal” from some projects and programmes, and reduction in support for others. STFC is committed to extensive consultation with affected communities to ensure as sensitive a transition as possible. Of necessity, the detailed implementation of some measures requires input from these stakeholder discussions.'
More detail of where the cuts fall is available here.