The Business Secretary, Vince Cable’s, speech on university reform can be found on the Department for Business, Innovation and Skills website.
It is always dangerous to take quotes out of context but I noticed this quite interesting bit.
‘Of course we must back internationally excellent research. But what we can’t afford is a system in which everybody tries to do everything – badly and at high cost. Research funding is already highly selective, and that is right. It will become more so.’