The STFC is short of 80 million. In comparison, the Northern Rock building society has had to have a loan of £26bn because - well, frankly they were too greedy and didn't worry if things went wrong because the government would have to bail them out.
Looking at the Hansard report on the discussion on Tuesday in the House of Commons on STFC funding, I find some interesting quotes:
The important point... is that the STFC has been telling Ministers about the problem since July
Although it looks as though the research councils have had a cash uplift, they are in fact spending not new money, but old money that was going towards research costs
As far as I am aware, every physics community in every university is affected by these cuts.