|Buddy, can you spare a £5bn?|
Earlier this week the Higher Education Statistics Agency announced that income from research grants and contracts totalled £5.08bn in 2013-14.
This is an impressive amount, but if you were a Russian oligarch and had a spare £5bn to splash, what else could you spend it on, if you didn't want to bankroll the cost of pushing forward the boundaries of knowledge? It's always useful to be prepared should you ever be asked, so here's the Fundermentals cut-out-and-keep guide:
- TV rights to the Premier League between 2016-19.
- The cost of rebalancing Tesco's balance sheet. Come on, dig deep, people.
- Alternatively, if you want to find other ways of helping Tesco, you could buy their Korean arm.
- The cost of 35.5% stake in Formula 1.
- Helping out the Government with lost fuel duty from the rise in electric cars.
- 27,530 averagely priced UK houses.
- 10,377 averagely priced London houses.
- Almost quarter of a million averagely priced weddings.
- But only half as many divorces, which are almost twice the price.
- Whereas you could almost get a whopping 1.5 million funerals.
- Raising 22,222.22 children. Rather a pleasing number, though the .22 child might not see it that way.
Which all suggests that it's much more cost efficient to die than to either get married, get divorced, have children or do research. And don't get me started on the Premier League or Formula 1. I do hope Sajid Javid bears all this in mind when deciding on the BIS budget cuts.