TechnologyUK plc set to spend

UK plc set to spend

Medium and large companies in the UK are set to increase strategic programme expenditure in 2002, says Mentor.

Research by the skills company has found the downturn in the global economy has forced UK companies to shore up their financial and market positions for the foreseeable future. The majority of these businesses are looking to consolidate current assets and integrate internal infrastructures in order to reduce costs and increase competitiveness.

David Hilliard, chief executive of Mentor commented: “The big network rollouts in the telecoms sector and aggressive expansion in the IT market are a thing of the past.”

“While we do not expect to see continued investment in areas such as 3G and enterprise networks, most companies will be looking for help in managing their assets rather than investing in new ones.”

Related Articles

Riding the wave of digital accounting

Technology Riding the wave of digital accounting

2w Xero | Sponsored
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2w Alia Shoaib, Reporter
Deloitte cyber-attack: Is your firm safe?

Security Deloitte cyber-attack: Is your firm safe?

3w Alia Shoaib, Reporter
What to expect from GDPR

Legal What to expect from GDPR

2m Alia Shoaib, Reporter
Making Tax Digital – still full steam ahead?

Making Tax Digital Making Tax Digital – still full steam ahead?

3m Margaret Curran
A brief guide to Making Tax Digital

MTD A brief guide to Making Tax Digital

1m Clear Books | Sponsored
Four reasons why tech investment is critical for accountants

Technology Four reasons why tech investment is critical for accountants

2m Emma Smith, Managing Editor
Artificial intelligence and machine learning – the inevitable changes in professional service firms

Technology Artificial intelligence and machine learning – the inevitable changes in professional service firms

2m Andrew Griggs