Decent result in tough SR. Bakes in increases from last govt at headline level. Breakdown will be interesting ie how much to DSIT & to other depts eg Health, MoD (with new defence innovation body), DBT for industrial strategy & how much (via DSIT) for ‘core research’ (ie UKRI, inc RCs, QR etc)?

Plus proposals for a levy on international students could be really negative for university sustainability - we need to see what the Govts plans are here.

Also there is a risk that a message trying to attract the brightest and best is drowned out be the general anti-immigration rhetoric.