Director of Finance Online Article - GOVERNANCE - Sept 2009

While the middle classes revel in their new-found frugality, so the Daily Telegraph recently claimed, welcoming the need to have a new respect for what is spent where, the recession is having a similar impact on affluent as well as struggling businesses. It is now considered not only inadvisable but obscene not to know where cash is being frittered away.

As a result, businesses of all sizes, and across all sectors, are now determining how to curb a level of waste they know is no longer acceptable, reflecting the last 14 years of a boom market and ready credit.

Read the full article on discretionary spend here...