So chancellor George Osborne made his first big announcement yesterday, announcing £6bn of cuts. The business world and the markets seem to agree with George Osborne’s cuts – here is a roundup.
Daily Telegraph – Markets back George Osborne’s £6.2bn spending cuts
Financial Times – Cuts do not threaten recovery, say economists
The Guardian – Spending cuts: City reaction
Financial Times – Cuts signal retreat from industrial activism
The Independent – Where George Osborne’s £6bn of cuts will be made
City AM – We need cuts to liberate enterprise
The cuts won’t just affect public services – the private sector businesses that supply Britain’s £80bn public services market are going to face tougher times, and will drive hard bargains with civil servants. Expect many contracts to be renegotiated and reevaluated.
The Guardian – Public spending axe to cut swathe through private sector
City AM – Economists warn of more pain to come
Financial Times – Suppliers braced to drive hard bargains
If you’ve been using Twitter clients as a platform to continuously advertise your business, you may have to take a step back and think again – Twitter is going to try to stop you. The service, which launched its own ad service last month, wants to stop businesses from sending out a constant stream of ad-based tweets through external API clients.
Financial Times – Twitter bans ads from other companies
In her regular column, serial entrepreneur Julie Meyer looks at the Fredericks Foundation, a charity that acts as a micro-finance organisation, helping people get off benefits and become entrepreneurs. Meyer argues that the organisation is a great example of David Cameron’s Big Society idea, where people take control of their own future.
Analysis of how business leaders cope with being honest with their employees. Is it better to be open about the difficulties your business faces” Or should you protect your employees from the truth?
Financial Times – How to respond when the truth hurts
Private equity buyouts are slowly making a comeback, according to figures released by Mergermarket, which showed 61 buyouts in the first quarter of 2010 – just under half of the number of buyouts in the same period in 2007.
City AM – Private equity deals back after crisis