Britain’s finances fell to pieces during the recession and we were estimated to have a public deficit of around Â£1.5 trillion. Can things such as outsourcing and virtual hosting save our economy?
2008 saw a financially crippling recession that swept Britain with redundancies, liquidation, collapsing businesses, unemployment, home repossession, and an unspeakable amount of public debt. In February 2009, it was announced that Britain owed around Â£1.5 trillion, more than all EU countries put together since records began. During this time, organizations of all sizes turned to cost-effective solutions such as out-sourcing, off-shoring and virtual hosting.
How Virtual Hosting Will Grow Over 2010/2011
Virtual hosting can offer other benefits, making it ripe for a boom in 2010 and 2011. Technology writers and computing experts are already anticipating a surge in virtual uptake, and as demand soars, the services available will increase, grow, develop and mature to meet our needs.
How Businesses Are Seeking Other Solutions
The worst of the recession is over. Now, we need to think about recovery. Anaslysts at Morgan Stanley have reported that a hung parliament in 2010 could cause Britain to lose its triple-A rating, potentially destroying the countryâ€™s eligibility as a borrower. Having been downgraded from â€˜stableâ€™ to â€˜negativeâ€™, itâ€™s clear that the struggle is not yet over. SMEs still need to keep an eye on their budget, and this means turning to money-smart alternatives such as out-sourcing and virtual hosting.
Out sourcing can save time and money when it comes to Human Resources – and this is the ideal short term solution when recruiting in-house is simply not possible. Virtual hosting is a cheaperÂ and more resilient solution, so the benefits have valuable longevity for any business setting. Virtual clouds are manageable, scalable and resilient ways of delivering an IT infrastructure â€“ without the Â cost, without the hassle, without the downtime.
Can the Economy Be Saved?
Britainâ€™s debt has caused concern across the nation, and since Alistair Darlingâ€™s August forecast, there is now uncertainty on just how much trouble weâ€™re in. The UK could face a damaging credit downgrade and with sterling falling over the last couple of years, some people fear that Britain could go bankrupt. But today, small to medium enterprises and large organisations can all seek outside help, from cost-effective and scalable virtual hosting services to more frugal approaches to resources and staffing.
SwitchLink â€“ Fix Your Finances
If you are interested in saving money and cutting back on energy consumption, contact SwitchLink for more information about virtual hosting. The easier, cheaper and more resilient way to compute.