John Denham, Secretary of State for Innovation, Universities and Skills has indicated that decisions taken in next's year Comprehensive Spending Review will be influenced by a desire to allocate to studies with a commerical application, or those that address urgent global problems.
In the Times article he is quoted as saying, "I don't think the question now can be whether we go in this direction, but there are a great many questions about how we do so most effectively." Although Mr Denham has pledged that 'the new policy would protect basic curiosity-led research', he has acknowledged that some cuts will be involved. He also added that fundamental research was central to the new strategy - 'though scientists should make sure that they were quick to exploit any useful insights that emerged from it'.
Read the Times article in full.