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Enjoy your REF, while you can

This week the results of the latest cycle of research audit in UK universities will be published. This will trigger a frenzy of analysis as the bones of REF 2014 are picked over with a view to identifying winners and losers, risers and fallers, and what if anything it might mean for the future. Martin McQuillan looks at how research funding has been treated by this Government and what future for the process is there in a time of increasing austerity.