The story - reported here by Research Fortnightly - is that David Willetts (the UK's universities minister) told a fringe meeting at the Conservative Party conference that he wished there could be a break from the Haldane principle. This principle forbids direct funneling of research money by ministers. The argument is that he'd like to see more collaborative scientific work between the UK and China.
So there we have it. More political interference in university research appears to be a goal, not less or none. Expect more on this in due course . . . .