The UK Science and Technologies Facilities Council is busily slashing funding to much of UK astronomy. I guess this article is great for the powers that be to point out the UK doesn't need to spend money to e.g. stay as a partner in the Gemini Observatory when they can get results comparable to Hubble for 20 grand!

This has been said before somewhere, but the nice thing about choosing TMT as an acronym is that it can become 'Twenty', 'Ten', or even 'Two Meter Telescope' if the budget gets cut.