I have to say...
I agree with Ridley. If there is such value in it, then a way around will be found. And perhaps opening up the woeful way business and government in the UK treats science research is going to be a good thing. The emphasis on translational research to the exclusion of all else is just nuts. Then there's this EU data repository business - dubious at best.
On top of that, there's the whole overseas student draw. With the volume of students enjoying completely visa-free trans-european study, the government has restricted the ability of non-EU students to come here. I know this from personal experience - you need to show you have £20k in the bank and a firm offer of a course at a named and registered institution before you get a visa. Then there's a 20-hr a week restriction on employment whilst studying - with London rents, these can be very hard working people living in the cheapest accommodation possible, usually illegal dives, travelling long distances to London universities, virtually living in the LRCs. It's not a pretty way to live at all. And at the end of it, very little prospect of UK employment.
Interesting times.