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"Today's announcement confirms that the government is planning to slash capital expenditure for research.
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Clegg opposes plans to slash capital spending.
After coming to power in 2010, the coalition first stuck to the previous Labour government's plans to slash capital budgets.
Even so, Oxfam says this is only part of the problem with countries around the world – including Australia – slashing or planning to slash corporate tax rates.
In February, Common Cause warned that conservatives in Congress were planning to slash federal funding for public broadcasting.
The government is planning to slash the disregard to £5,000.
In addition, IHOP plans to slash operational costs by lowering administrative expenses and capital expenditures.
General Motors plans to slash $26 billion in pensions.
It also plans to slash its famously wide selection of wines.
As the government plans to slash a tax on such divestments, more bond sales are likely.
2013 SPOTLIGHT: Announced plans to slash more than 400 jobs and exit the Irish market.
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