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Small firms put IT ahead of tea and biscuits when it comes to cutbacks

Small businesses would rather slash their IT spending than get rid of the office tea and biscuits.

A survey...

Small businesses would rather slash their IT spending than get rid of the office tea and biscuits.

A survey commissioned by electricity supplier Opus Energy found nearly 40% of Britain's small businesses are planning to cut their budgets for advertising and business travel (37%) in order to weather the recession.

The YouGov survey polled over 500 small business owners and managers to discover where they would be cutting back during the current economic downturn.

Business travel and advertising spend were both top of the list for budget cuts in nearly one in five small businesses (19% and 18% respectively).

Staff bonuses were also seen as prime opportunities to cut costs. When asked which areas were safer from cutbacks during recession, a quarter of small businesses (25%) were adamant they would not reduce spending on IT.

But hardly any firms said they would cut biscuits, tea and coffee.

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