Sep 20, 2010 11:46
13 yrs ago
English term
Qualitas, Eximius, Optimus
Native in: Turkish 
Works in: English to Turkish, Turkish to English
savings bite .....
English
Other
Finance (general)
The business model is orientated around Direct Dealing, on occasion working with brokers and consultants in tri-partite arrangements, and takes into account individual purchasing, consortia / buying groups and framework agreements. This latter area is likely to expand as public sector savings bite.
This is a translation text excerpted from a Swiss insurance company's statement, and I wonder what ... savings bite exactly means here. Thanks a lot for your help in advance.
This is a translation text excerpted from a Swiss insurance company's statement, and I wonder what ... savings bite exactly means here. Thanks a lot for your help in advance.
Responses
+1
21 mins
Veronika McLaren
Native in English
&
English
Specializes in field
Carpe diem!
Native in: German 
, English
Works in: English, German to English, English to German, and 3 more.
Related KudoZ points
:
4
bite=hurt
Private businesses are likely to expand as the government is cutting back in public spending.
+1
2 hrs
Alexandra Taggart
Russian Federation
Russian Federation
Native in English
&
English
Russian Federation
proficient translation
Native in: English , Russian
Works in: Russian to English, English to Russian, English
to cut into public services
"Bite" - are the cuts government is making to the public sector: education, health, etc. That is how the govenment make savings.The mentioned business model is doing money out of the overrall picture.
Peer comment(s):
| agree |
Lynda Bogdan (X)
1 day 8 hrs
|
|
Thank you very much!
|
+1
24 mins
Stephanie Ezrol
United States
United States
Native in English
&
English
Works in field
United States
French to English, English to English
Native in: English
Works in: English, French to English, French Middle (ca.1400-1600) to English
Related KudoZ points
:
51
decrease in spending cut into or reduce
This seems to be a common UK expression.
The meaning in your sentence is as follows:
This latter area is likely to expand as (the spending cuts in the)public sector (reduce the public expenditure).
It is the savings, which in this case means reductions in expenditure due to loss of public sector revenue, which bite.
The unstated object of the bite is the receipient who had been benefiting from the public sector spending.
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Note added at 30 mins (2010-09-20 12:17:19 GMT)
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HERE IS AN EXAMPLE WHICH MAKES CLEAR THAT SAVINGS REFER TO CUTS IN SPENDING:
More pain on the way as budget savings bite; Cash struggle for council
FAMILES across Northumberland have been warned of more pain to come as the county's new super council faces up to massive budget savings totalling almost pounds 75m in the first four years of its existence.
Government-ordered efficiency savings - coupled with savings promised under the controversial switch to unitary local government - mean council tax, jobs and public services will continue to be under immense pressure until at least 2013. The new council's first budget, which was agreed last week, involves pounds 22.5m in savings, up to 800 job losses and an average council tax rise of 3.8% in April.
http://findarticles.com/p/news-articles/journal-newcastle-en...
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Note added at 4 hrs (2010-09-20 15:59:48 GMT)
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My answer should read:
the decreases in spending cut into or reduce
The mistake in the answer is not matching the subject (decreases in spending) to the the verb (cut or reduce) in the phrase.
Savings in this context means decreases in spending by the public sector.
Bite is chosen for this type of expression because it means bite, as in hurt, bite as in cut into (as with sharp teeth) and bite as in take a piece out of something by biting into it. Thus bite has the needed strong effect in the phrase as the native English speaker will hear all of those three meanings.
The meaning in your sentence is as follows:
This latter area is likely to expand as (the spending cuts in the)public sector (reduce the public expenditure).
It is the savings, which in this case means reductions in expenditure due to loss of public sector revenue, which bite.
The unstated object of the bite is the receipient who had been benefiting from the public sector spending.
--------------------------------------------------
Note added at 30 mins (2010-09-20 12:17:19 GMT)
--------------------------------------------------
HERE IS AN EXAMPLE WHICH MAKES CLEAR THAT SAVINGS REFER TO CUTS IN SPENDING:
More pain on the way as budget savings bite; Cash struggle for council
FAMILES across Northumberland have been warned of more pain to come as the county's new super council faces up to massive budget savings totalling almost pounds 75m in the first four years of its existence.
Government-ordered efficiency savings - coupled with savings promised under the controversial switch to unitary local government - mean council tax, jobs and public services will continue to be under immense pressure until at least 2013. The new council's first budget, which was agreed last week, involves pounds 22.5m in savings, up to 800 job losses and an average council tax rise of 3.8% in April.
http://findarticles.com/p/news-articles/journal-newcastle-en...
--------------------------------------------------
Note added at 4 hrs (2010-09-20 15:59:48 GMT)
--------------------------------------------------
My answer should read:
the decreases in spending cut into or reduce
The mistake in the answer is not matching the subject (decreases in spending) to the the verb (cut or reduce) in the phrase.
Savings in this context means decreases in spending by the public sector.
Bite is chosen for this type of expression because it means bite, as in hurt, bite as in cut into (as with sharp teeth) and bite as in take a piece out of something by biting into it. Thus bite has the needed strong effect in the phrase as the native English speaker will hear all of those three meanings.
Discussion