Abstract
In his Anniversary Address to The Royal Society, the President looked back on a year in which the political wranglings over the funding and future of the universities intensified with the publication of the Dearing Report. The report had been commissioned in response to the imminent collapse of the arrangements for funding undergraduate education, but its remit was widened to cover many of the current concerns of the higher education sector. Its findings and recommendations have particular implications for the ways in which scientific research is assessed, conducted, and funded in the UK.
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