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Professor John McCloskey, the co-director of the hub, blasted the decision and said the research, which could have helped billions, would now be hampered by the funding cut.
Foreign Secretary Dominic Raab has been criticised for cutting aid spending.
"We have to lose 61 jobs and most of those are young scientists,” he said.
"I am utterly shocked by the total lack of honesty of the people who signed the contracts or worse still, we signed the contracts on behalf of the UK Government, which has always been a gold standard in terms of honesty and dependableness.
"It [£3m] wouldn’t keep [former prime minister] David Cameron in consultancy for a wet weekend and that’s the commitment that they have to honesty."