The Comprehensive Spending Review (CSR) contained, at first inspection, an interesting contrast of measures. It suggests, in ring-fencing health and prioritising research and other services with very high economic impact, that it is a forward-thinking, long-term plan. However, it leaves worrying gaps in surprising areas and also means few UK businesses will escape the ripple effect of cuts to public spending.

Read Baker Tilly's response to the cuts and advice on how to address the implications:

Public sector
Health
Housing

Not-for-profit
Charities
Education
Social care

Private sector
Large corporates and SMEs
Potential contract terminations
If a customer of your business collapses

Individuals
Personal spending