Remember, remember, the 17th of November

How bad could things get for UKRI grant-making during the new austerity?

Yesterday was the day we were supposed to receive the government’s economic forecast and with it news of what to expect in terms of public spending cuts in the mid term. This has now been postponed until 17 November.

While new prime minister Rishi Sunak may have bought himself some time, what his chancellor Jeremy Hunt called “decisions of eye-watering difficulty” have not gone away—even if the rates on government borrowing used to calculate the scale of the challenge have come down since Liz Truss left office.