UK companies slash IT budgets

According to News.com a Gartner survey says that United Kingdom businesses are planning a just 0.9 per cent increase in IT spending. That is well below the 2.8 per cent being spent in other countries and a tiny fraction of the six per cent that everyone was expecting.

Different sectors are spending more or less. Media outfits are planning to spend 6.9 percent, pharmaceutical companies will increase spending by 6.4 per cent and health care companies want to are planning to increase their spending by 5.6 percent.

Manufacturers of consumer products are planning to cut their spending by 5.6 percent, the Big G said.

Some of the reason is that UK companies spent too much last year, but it is also because they are worried that the world is becoming a more dangerous and unhappy place.

Still this is bad news for Microsoft which is hoping to flog its new operating system next year. µ