The London Mathematical Society Annual Review for 2011-2012 is available here (opens pdf).
As a side remark, I am not actually a member, I must rectify that soon.
About the LMS
The London Mathematical Society (LMS), founded in 1865, is the UK’s learned society for mathematics. The Society has as its purpose the advancement, dissemination and promotion of mathematical knowledge in the UK and worldwide.
There is growing concern about the impact that reduced funding and support for postgraduate education, especially taught Masters Programmes, will have for the UK’s science and innovation base in terms of producing highly trained people that will have the skills and knowledge requisite for academic research and to meet the demanding needs of industry. We essentially have a system in place that is transferring the costs of postgraduate education to UK students which will have implications for the participation levels of UK-domiciled students.
Request for inquiry topic recommendations (18 January 2013)