Government hits £550m target in consultancy cuts Politics The government is set to continue to bear down on consultancy spending as it expects to hit its £550m savings target on the external advice
Big Four under pressure as government looks to slash £5.4bn consultant bill Politics The UK government should review opportunities for further insourcing in management consultancy, a top think tank has urged, putting more pressure on the Big Four firms as Labour seeks to cut spending.
UK consulting sector nearly doubled in five years, key industry report finds consultancy The UK consulting sector has experienced remarkable growth, nearly doubling in size over the past five years, highlighted in the MCA annual report
Over-hiring blamed as UK consultancy job vacancies nosedived last year February 7, 2024 The number of job vacancies at UK consultancies dropped by more than 80 per cent last year, as experts park the blame on firms over-hiring coupled with the drop in demand. According to data from a labour market analytics firm Vacancysoft shared with Bloomberg, McKinsey and Co., Bain & Co., Boston Consulting Group and Accenture [...]
Consultancy sector activity predicted to have single-digit growth over 2024 January 22, 2024 Activity in the consultancy sector is set to have single-digit growth this year, according to figures by the Management Consultancies Association (MCA). The latest survey conducted by the MCA reveals that activity in the sector grew by 11 per cent in 2023. The survey expects it to drop to 9 per cent this year but [...]
Government slashes spending on Big Four heaping extra pressure on firms December 10, 2023 The civil service has slashed the amount it spends on contracts with the Big Four by 26 per cent, new figures show.
Management consultants boosted by firms flocking to AI as revenues surpass £18bn July 3, 2023 Companies scrambling to unlock benefits from implementing artificial intelligence (AI) and digital tools into their business to steal a march on competitors has boosted UK management consultants’ income, a new report has found. Growing demand among firms for external experts lifted the UK management consultancy sector’s income to £18.6bn last year, up from £14.4bn in [...]
What To Do If You’re Worried AI Will Take Your Job May 9, 2023 Are you worried you’ll be replaced (professionally at least) by a robot in the near future? If so, you’re not alone. Thanks to the advent of OpenAI’s ChatGPT, chatbots and their capabilities to not only mimic human behaviour and thought processes, but in some instances, surpass them, have been swiftly propelled into sharp focus. At [...]
100,000 civil servants to walk out on Budget Day, union says February 7, 2023 Around 100,000 civil servants are set to strike on Budget Day, their union has announced, amid a campaign of walkouts over pay disputes. The Public and Commercial Services Union (PCS) said it was escalating action after a “lack of movement” from the government over its concerns over pay, pensions and job security. Walkouts will take [...]
UK consulting firms no longer filled with Russell Group uni grads, new research shows January 23, 2023 British consulting firms are no longer dominated by Russell Group university graduates, according to new research from the Management Consultancies Association (MCA). Instead, the proportion of graduates from Russell Group universities – a group of 24 of the UK’s “leading” research universities, including Oxford and Cambridge – working in consultancies has more than halved [...]