Industry news

The successful public sector bid specialists at Bidbetter are now opening up their services to help businesses win private sector contracts. Having trebled business turnover in the past three years, Bidbetter are expanding to offer their celebrated win-rate in contract bidding (over 80%) that has delivered over £372 million worth of contracts to their clients to the private sector market. The team of professionals at Bidbetter work with clients to produce tailored bid support either face to face or remotely, dependent on what is most practical. Philip Norman Director of Bidbetter, comments: "In contrast to the public sector, whilst the process is sometimes formal it isn't governed by rules with which businesses must adhere to when submitting their bid. When evaluating bids, some private sector buyers will look for similar requirements and ask the similar questions to achieve the best value for money from a bid. It is here that we can help suppliers to score highly, maximising their chances of winning a contract.''

For more information about Bidbetter, please visit: www.bid-better.co.uk.

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Mark Carney, governor of the Bank of England, has defended the banks approach to the Brexit debate and aftermath. Following the victory of the leave campaign, the bank followed a policy of monetary easing in an attempt to maintain growth by cutting interest rates (to 0.25%) and making a new commitment to print £170 billion of new cash. The Bank of England warned about the dangers of Brexit to the economy which has annoyed many pro-Brexit MP’s, but Mr Carney defends comments made by the Monetary Policy Committee and Financial Policy Committee in the run up to the referendum.

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Related news: Brexit Round-Up

A new study by respected think tank, the National Institute for Economic and Social Research suggests that the UK economy only just grew in the three months to August by 0.3%. ThisisMoney.co.uk is reporting that NISER believes that there is a 50% chance that the UK will enter recession in the next 15 months.

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Related news: Brexit Round-Up

53% of public sector managers have experimented with the use of robotic process automation a survey from iGov has revealed. As work levels have increased and staff numbers have fallen managers are turning to RPA to reduce mundane repetitive tasks. The research suggests that 21% of managers expect a trial of automation technology in their department in the next 12 months.

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Micro Focus, a British software and IT firm, will take over Hewlett Packard’s software division for £6.6 billion. The deal makes Micro Focus a business with total annual revenues of £3.4 billion. Some analysts are hailing the deal as a return of UK acquisitions after the uncertainty of the Brexit referendum.

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Related news: HP Enterprise to sell majority stake in Mphasis

Chief of the European Central Bank, Mario Draghi, warned that Eurozone recovery is likely to be dampened, partly because of Brexit. Euro area GDP rose by 0.3% quarter-on-quarter in the second quarter of 2016. Mr Draghi notes that ‘the risks to the Euro area growth outlook remain tilted to the downside’. However, the ECB raised its forecast for 2016 growth from 1.6% to 1.7%.

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Related news: Brexit round-up

Despite the UK being unable to agree trade deals with other countries until it has officially left the EU, a group has been set up to help prepare for possible deals in India. Trade Minister Liam Fox says ‘there is nothing to stop us having discussions’. This follows the Australian Prime Ministers to striking a ‘very strong’ deal with Britain at the G20 summit.

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Britain received the top position in accountancy firm EY’s G20 Digital Entrepreneurship Barometer in the Digital Business Environment category. The category considers topics such as regulation such as recruitment practice, tax framework and legal efficiency. It is another sign that the UK is proving popular with Digital Start-Ups.

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Related news: Insurance Tech Sector Gaining Investment

Brazil’s government is promising to overhaul its laws on outsourcing after the removal of Dilma Rousseff in August 2016. Currently outsourcing is restricted and rejected by labour courts as only ‘non-essential’ jobs can legally be outsourced. The Minister of Labour hopes to get the reformed employment laws to congress by December. The previous reform took ten years to pass through to the senate where it was rejected, so some pessimism remains on the delivery of reform.

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Related article: “The sky is not falling on offshoring,” Everest reports

Aecus have announced the winners of their third annual Innovation awards. The awards cover a range of sectors including telecoms, banking, insurance, transportation and consumer goods. The winners have encompassed some of the most exciting areas of technology such as robotics and analytics. Aecus Innovation lead and Partner Paul Morrison commented ‘These awards show that with the right ingredients in place, outsourcing and innovation can really thrive together’. Aecus will be hosting the 3rd Aecus Innovation Showcase in London on 17th November 2016.

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