This article looks at policies of the British Government relating to teaching, the curriculum, and research and how they impact Theology and Religious Studies (TRS). It reflects on the use of Government funding to steer research outputs and to focus such activity on a small number of selected institutions. It further discusses Government attempts to define degree standards and "the boundaries and the internal geography" of the subject by producing "benchmarking guidelines" to which each department must adhere. The paper concludes with reflections on the fears of Government control of the curriculum. Underlying much of the discussion is a sense of the differences between Theology and Religious Studies in North America and Britain. To emphasize the point that this paper expresses personal views based on my own experience I have used a more informal and personal style than is my custom in publications. It is relevant to outline the experience which has fashioned my views. Prior to moving to Liverpool I have held Chairs at Manchester in Comparative Religion, where I also served as Dean of the Faculty of Theology, and London University's School of Oriental and African Studies (SOAS) where I started the Department for the Study of Religion. I have served as President of the national body for the subject, the Association of University Departments of Theology and Religious Studies (AUDTRS) for three years; on the research panels of the two main bodies to which people in Theology and Religious Studies apply for research grants (the British Academy and the Arts and Humanities Research Board); on two national research assessment panels and co-chaired the Benchmarking Panel for Theology and Religious Studies (the work of the panels is outlined below). I was a member of a team funded by the Home Office to produce a report to inform Government policy on possible legislation on Religious Discrimination. The relevance of each of these will become clear in the course of the article.