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But there's more to this story - described in painful but fascinating detail by Brian Reading in a new report for Lombard Street Research.
BBC: Hard times for Mr Osborne
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Brian Reading cites the example of Devon and Cornwall police, which recently admitted it had investigated only 34% of reported crimes in 2011 - down from 40% in 2010.
BBC: Hard times for Mr Osborne
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Brian McDermott of Reading and QPR's Harry Redknapp are battling against relegation, while Alan Pardew's Newcastle and Sam Allardyce's West Ham are hovering just above the bottom three.
CNN: A dying breed: English managers on the brink?
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But after keeping City out until the 74th minute, Reading boss Brian McDermott was disappointed to concede from a set-piece.
BBC: Roberto Mancini relishes FA Cup semi-final with Man Utd
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Reading caretaker manager Brian McDermott was understandably delighted with his side's performance and victory, their first at Anfield.
BBC: Manager Rafael Benitez vows to fight on at Liverpool
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Reading caretaker manager Brian McDermott said Griffin is "hungry" to play after finding opportunities at Stoke limited this season.
BBC: Stoke City's Andy Griffin signs for Reading on loan
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Shaun Goater headed Reading in front, only to see Brian O'Neil's 25-yarder bring Preston level soon afterwards.
BBC: SPORT | Football | FA Cup | Preston 3-3 Reading
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The Foxes have long pursued a policy of recruiting new managers from outside the Premiership, having brought in Brian Little (Darlington), Mark McGhee (Reading) and O'Neill (Norwich) in recent years.
BBC: Foxes short-list Gills manager
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Brian Jenkins' read on the report, actually, and the post reading of the report kind of spins the report in a different way that doesn't seem to be squaring with the - what the original writer - authors did.
NPR: NYPD Probes Path of Homegrown Terrorists
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Brian Gutteridge, 67, from Caversham suffered fatal injuries at J Mould at Burghfield Bridge, near Reading, on 9 November, 2010.
BBC: Reading haulier firm fined over tipper truck death