Researchers Bunsheiner International reported that the average US business traveller spent just $6,667 (£4,153) in 2002, down from $10,000 in 2001.
Two thirds of respondents said they had cut costs by sticking tightly to travel policy, renting smaller cars and encouraging day trips to avoid hotel costs. Many avoided travel entirely by using telephone, web and video conferencing.
Cheaper airfares, respondents said, only had a minor impact on the decrease in travel expenses. More saving were found by cutting down the number of trips and their duration.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.