Quote from that report of special interest to the original purpose of this blog:
"The government department that was hardest hit by Monday's cuts was that for Business, Innovation and Skills (BIS). BIS is now to scrap its funding — announced by then-PM Gordon Brown in March — for a new Institute of Web Science. The institute would have been focused on the development of the Semantic Web, and would have been led by Sir Tim Berners-Lee and Professor Nigel Shadbolt of the University of Southampton.
"In light of the current pressures on public finances, the government has decided that it cannot support the creation of a new Institute for Web Science at Southampton University at this time," a BIS spokesperson said in a statement."The thing is this: someone's going to do it, and the UK will miss out as a result. Cuts need to be made - drastically, yes - but when we emerge (assuming we do emerge), there can be little doubt that this will be regarded as a missed opportunity. As is often the case in Comp Sci, things move quickly and you can't simply delay something like this. Someone else will do it, and it'll be the UK - not just ECS Southampton and us ex-AKTors - who will miss out.
And before you get people saying "yes, but cuts need to be made, and 5 million is a lot of wonga", I would like to mention a few short words about other areas of astonishing - aSTONishing - waste over the last few years: government contracts; Stellent; Club. Very few people know what that's about, but if you think 5 million is a lot of wonga to waste on a world-leading Institute of Web Science, try digging around to see how much IT wastage there has been in recent years, paid for by UK taxes.
To say the least, one commonly-promoted statistic in undergrad computer science is this: 80% of all IT projects are never deployed.