EY to cut 150 UK consultants as division head steps down Big Four Big Four accountancy firm EY is set to cut 150 roles in its UK consultancy division and replace one of its most senior executives amid a slowdown in demand. Cuts in the 4,700-strong unit are expected to impact managers, senior managers and directors, it is understood, which are the highest-paid roles below partner level. Meanwhile, [...]
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.
PwC UK orders staff to spend more time in office and meet clients in person Business PwC UK has ordered staff to spend more time in the office and meet clients in person, as the accounting giant becomes the latest firm to adopt tighter rules on working from home. The Big Four firm told its employees and partners on Thursday that its new hybrid working policy would require them to spend [...]
Public sector spending on consultants hits record high despite efforts to cut August 23, 2024 Public sector spending on management consultants has ballooned to a near-record high this year despite efforts to cut reliance on the expensive sector. Fees to consultants from central government, local authorities and other departments swelled to an estimated £3.4bn in the last fiscal year between 2023 and 2024, a rise of 12 per cent on [...]
Profit warnings falling amid improving economy but scars remain July 18, 2024 "We can expect the economy to continue to recover, but slowly and unevenly," Jo Robinson, a partner at EY said.
Signs of life appear for the London Stock Exchange as activity ‘gathering momentum’ July 3, 2024 Having been in the doldrums for several years, sentiment on the London markets is starting to look up.
UK economy ‘turning a corner’ as global growth slows, says KPMG July 1, 2024 Falling inflation and and an uptick in consumer confidence will help the UK economy to a better than expected growth over the next two years as global growth is set to slow, according to a report published today.
EY UK boss Hywel Ball kickstarts leadership race after stepping down June 12, 2024 Hywel Ball, head of Ernst & Young's (EY) UK business, has told partners at the firm that he will step down as chair, kickstarting a race for one of the most prestigious jobs in British professional services.
KPMG snaps back job offers after tougher UK visa requirements come into force April 24, 2024 One of the Big Four firms has been revoking job offers from foreign graduates after the UK Government's new tougher visa requirements came into force.
UK consultancy market expected to flatline in 2024, after a dive in growth last year March 18, 2024 The UK’s consulting market grew by 4.7 per cent across 2023 to revenues of £15.2bn, which was down on the 15.6 per cent growth recorded over 2022.