With budget cuts looming, can private sector methods be used to maintain the public sector? Graham Stewart discusses the issues behind the public finances with Jon Armstrong, managing director of management consultancy "Simpler"; Paula Speirs, a director of the government team at Ernst and Young; and Peter Hughes, chief executive of Scottish Engineering.

And our business correspondent Hayley Millar speaks to Victoria Stapleton, owner of the upmarket clothing business Brora and the only Scottish finalist in the prestigious 'Veurve Cliquot Businesswoman of the Year' finals. Show less