Cost-cutting more than offset increased spending to update some models and a substantial currency loss from euro-denominated sales.

CNN: Business Buzz

So last week, we got the latest, annual update of spending allocations around the UK, covering 2011-12.

BBC: Re-balancing Britain, from Bard to worse

Can you give us any update on how the President is spending his time today in terms of trying to rally support for this deal?

WHITEHOUSE: Press Briefing

The slump in consumer spending has led one European brewer to issue a cloudy trading update and another to accelerate layoffs in an effort to keep itself profitable.

FORBES: Magazine Article

Even worse, too often, when we've attempted to update or replace outdated technology, we end up spending exorbitant sums of money on technologies that don't meet our needs -- or that took so long to implement that they were obsolete before we even started using them.

WHITEHOUSE: Forum on Modernizing Government: Opening Session

Mr Teare said an update to that budget plan was necessary after his office received departmental spending bids for the next financial year.

BBC: Minister says benefits and staff costs must be resolved

The report, an update to a more optimistic survey that showed modest growth in IT services spending, captures anecdotal evidence of IT services companies suffering in the credit crunch.

FORBES: Earnings Analysis