Brexit: Horizon 2020 and Erasmus - Question

Part of the debate – in the House of Lords at 11:29 am on 7th July 2016.

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Photo of Lord Stevenson of Balmacara Lord Stevenson of Balmacara Shadow Spokesperson (Business, Innovation and Skills), Opposition Whip (Lords), Shadow Spokesperson (Culture, Media and Sport), Shadow Spokesperson (Education) 11:29 am, 7th July 2016

According to a recent THE review, more than 18 universities will lose more than 50% of their grant funding from EU sources. This affects not just the major universities, such as Cambridge and Oxford, but the whole range. In addition, substantial reductions in taught postgraduate courses will happen. Does it make sense, given the tsunami that is approaching us, for the Government to continue with their radical proposals to reorganise research structures in the new HE Bill?