Details here from the Times Higher. The Times Higher reports that the number of PhD studentships awarded by this research council will fall by more than 1,000 to 1,900 in 2011-12.
It will be interesting to see if there are any changes made to the EPSRC's delivery plan. The AHRC faced unprecedented criticism over its inclusion of the "Big Society" several times in its delivery plan spelling out strategic research funding priorities. More than 4,000 academics signed a petition calling for the "Big Society" (a Conservative Party campaign slogan) to be removed which was supported by over 30 learned societies. The AHRC refused calls for change and several dozen senior members of the AHRC Peer Review College resigned en masse as a result.