2011 Autumn Budget Statement: What it means for UK SMEs

Michael Stephens

by Michael Stephens, UK/IRE Country Manager, LifeSize

George Osborne, Chancellor of the Exchequer for the UK Government, yesterday gave the Autumn Budget Statement to the House of Commons where he outlined his latest spending plans for the next fiscal year and beyond.

At LifeSize, we welcome the fact that the Chancellor has finally recognised the enormous benefit SMEs provide to the UK economy. The improvements in broadband funding and coverage will improve access to high quality communications infrastructure which is one of the keys to the success of SMEs and will bring the UK up to the level of other European counterparts.

George Osborne

The new generation of unified communications equipment running across these networks can deliver an experience that can replace many of the reasons to travel and improve both customer and supplier experiences.  This technology also allows UK-based SMEs to seamlessly reach and service customers offshore and potentially improve the UK export figures in the process.

SMEs should consider using some of the increased funding to improve the productivity and effiency of their organisations to sustain their livelihood in the long run.

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