Friday 25th January, 2012

The Office for National Statistics has reported that GDP shrank by 0.3% in the fourth quarter of last year - more than had been predicted by industry analystis - prompting fears that the UK is heading for a triple dip recession. The news will be a blow to Chancellor George Osbourne who only recently announced a continuation of his austerity programme, despite the criticism of the International Monetary Fund.

As a result, organisations will continue to look to their supply chains and back office functions for ways to capitalise on their existing frameworks and investigate the best ways to protect organisational spend.