UK businesses missing major cost savings opportunties

Posted by Janice McGinn in IT & The CFO on Mon, 01/06/2009 - 16:51

UK plc is missing a major opportunity to reduce its business expenditure and retain profit during the current recession, according to new research conducted by YouGov.

Key Points

50% say they could cut costs A third say they haven’t implemented cost cutting programmes Only 10% are satisfied with the current initiatives


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The Bottom Line: Britain still great for business

Political strategy needed to show that Britain is still great for business, says Richard Thomas

"Out of one side of his mouth, Gordon Brown is saying he will make Britain an attractive place to invest, but out of the other he is clobbering higher earners with 50%, which sends out the opposite message. Despite such political dabbling, Britain remains a great place to do business and we must play to our strengths in attracting investment. " Read more.

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