I seem to remember that...
Quite a lot of R & D Tax credits got used up by banks researching new and innovative mathematical formulas to hide bad risks, avoid tax and such, and look where that got us.
Still what would one expect from a country that values accountants over scientists. We used to have a saying in my University, "On leaving students either revert to normal human beings or become chartered accountants", the latter being the first choice of most science graduates as there's more money in being an accountant. In fact some engineering and geology students found it more lucrative to become brickkies and oil roustabouts than pursue their degree.
Giving someone a medal is just about par for a party that pampers the rich, who are mostly accountants. (Just to be fair and balanced my party is little better, and marginally in front of the other, Nick & Gordon).
Politicians like to cut science because none of them are cleaver enough to understand it and as it's difficult to measure success and claim it for themselves, they don't care.


