Share of contracts by value held by UK-based companies increased from 40% between 2002 and 2005 to 61% in July 2014. The National Audit Office states Serco, Capita and G4S as the biggest beneficiaries.

The research for the Financial Times by Information Services Group, goes on to say that outsourcing by the British government is gathering pace and that the coalition government has spent £88bn on privatised services since coming to power in 2010, compared with the £45bn spent on outsourcing in the previous four years under Labour.

For further details, you can read the Financial Times article here.

Global outsourcing at record level due to shorter contracts