Demand for translating services drops off amid public sector cuts in UK
Businesses up and down Britain are bracing for a drop-off in demand from important clients across Whitehall and local councils. Some are already reporting lucrative state contracts have been cancelled, according to the Markit/CIPS UK services PMI survey.
In a recent British Chambers of Commerce survey two-thirds of companies said they expected spending cuts already announced would hit their profitability for a variety of reasons. A fifth of companies expected a hit because of lost public sector contracts.
Some companies found a silver lining from Britain’s downturn which has translated into a pick-up in private sector work. With the way things are in the economy many businesses have been looking to sell goods and services overseas. So there are people going on trade missions who need their brochures translated or telephone interpreters to set up meetings. There’s a big drive by people to do business in China, India, Brazil and Russia.