Finance and Accountancy Briefing

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Doing Battle with the Deficit


Following the 2010 general election and arrival of a new government, Durham University and Wax Digital collaborated to survey the opinions, outlooks and achievements of procurement and finance professionals across all the UK public sector.

The research objective was to understand the sentiment of public sector purchasing on the eve of the UK’s deficit repair journey. The research was also designed to understand what has been achieved in the public sector in terms of spending efficiency to date and what scope there was for further efficiency gains as part of future cost cutting.

The research indicated that public sector procurement is ready and willing to lead the battle in reducing public sector spending as part of deficit repair. The question it raised however is whether they have the armoury or the powers at their disposal

Tags: Procurement, Finance Professionals, Deficit, Research.

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