Telling the truth about SME life today

Pick of the press: Tuesday 25 May 2010

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 Times – George Osborne goes for front line as efficiency savings fail to add up 


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.

The Guardian – Twitter says it will block ‘paid tweets’ pushed into timelines via API

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.

City AM – Successful people help the next generation


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


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