"All the "doom'n'gloom" predictions that you lot were wittering on about have not come to pass and looking at it rationally why should they"

It certainly is happening in the higher education sector, which is already suffering. A funding crisis is building in our universities, and already we're seeing students and academics changing their plans. There is real unease in HE, and this is beginning to effect research which is an issue as we are a leading country for research and collaboration.