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Many companies fear also reductions in expenditure, which will be announced Wednesday, would be made with a "blunderbuss", while others warned that "almost"fire caused regulatory uncertainty impairs their ability to develop new products on the market.

Seven of 10 finalists for the award of this year, which recognizes the fast growing companies sales of 25 million books and 500 m and is sponsored by the private equity group 3i, joins Chief Telegraph Media Group company, Damian Reece, to discuss the challenges facing the last week.

Group of Aquila, life insurance and pensions software specialist, has its biggest single client Government and felt the effects of the review of spending months.

David Ackroyd, Executive Director, said: "we are just in the Middle de.Beaucoup things were put on hold." With fair certainty and clarity would help. We are trying to contact, but it is difficult to do this in an environment with great uncertainty.

He added that where decisions are made, public purchasers had shifted focus from value for money in the selection of the less expensive offer. "[On a recent tender], I had a much better offer but I was not the cheapest.I learned that I had to be the cheapest. This month here, today, you're not the cheapest. ?

Mott MacDonald, international engineering and project management consultancy group marketing Director Chris Tinder echoed these concerns.

"It is almost a rabbit in the headlights feeling." They have a hiatus - no one in the public sector is spending.Trust takes place in the building sector. ?

He added: "I would be surprised if push all the in the United Kingdom." If we organise our own for the next two years we will do very well.We sent only 20 engineers United States and Australia 20 and I cannot see these engineers return.?

Some of the finalists is concerned about how the review of Whitehall was effectuée.M.Peak said: "I don't think it will be thought about tout.Ils take tromblon.Il approach affects everyone."

Robert Geffen, Director General of the boutique Neptune, Fund Manager agreed. "[They] could suspend a dozen universities and leave the remaining intact u.s. ' it was the private sector will be be streamlining in much more clearly directed and rational manner.?

However, Mr. Ackroyd at Aquila said: "some of what they are about to make will be bonne.Mess are is forcing certain decisions they would not have done."

The majority of the finalists felt the UK became a "slow growth" economy and greater opportunities for growth in foreign markets existed.

Ener-g, such as specialist waste Cheapflights, power generation companies comparison site air low-cost, operator of the National Lottery Camelot and business exchange broker Schneider FX are all penetrate new territories.

Will be Tracey, co-founder and Director of sales at Schneider, said: "is the realization that our market became hyper concurrentiel.Nous have just replicate we did here, we hope."

Camelot, Schneider and Neptune all said turbulence with their respective regulatory caused by the recent streamlining of the parastatal agencies was hindering their ability to launch new products requiring regulatory approval.

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