£1.68bn up for grabs by switching suppliers

Potential savings of £1.68bn could be made by SMEs in the next 12 months by doing nothing more than switching suppliers to obtain the best deal.

Although the consumer market has, for several years already, taken advantage of the money-saving supplier-switching trick, businesses have not.

A survey of 502 British SMEs shows that although 83 per cent of companies are aware of the fact they could switch, for example, electricity suppliers, over half hadn’t done so in the last three years.

Yet following the government’s spending cuts and the expected impact it will have on their businesses, 45 per cent now describe themselves as “very” or “quite likely” to switch in the next 12 months.

Read full article: http://realbusiness.co.uk/finance_and_banking/168bn_up_for_grabs_by_switching_suppliers

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