EY announces new Office Managing Partner in Luton
Anup Sodhi has been appointed Office Managing Partner in EY’s Luton office, leading the firm’s 200-strong local practice.
Lacklustre 2017 but stronger UK growth expected after next year – EY ITEM Club
UK growth will continue to struggle this year and next, as consumer spending feels the squeeze from rising inflation and muted earnings growth. However the economy’s medium term outlook is now looking stronger than it did three months ago, with the general election result increasing the likelihood of a more business friendly Brexit, says the latest EY ITEM Club Summer Forecast.
East of England has outstanding year of foreign investment
The East of England secured 39 foreign direct investment (FDI) projects in 2016 – the highest number recorded since 2008 when 46 projects located in the region. This represents a 39% increase on 2015 when 28 FDI projects were recorded in the region.
EY recommends six immediate steps for organisations to protect against ransomware attacks
In light of recent cyber attacks focused on global organisations through ransomware, EY is urging organisations worldwide to take immediate action and engage effective response measures to mitigate the effect of these attacks and help protect themselves against future attacks.
UK labour market showing signs of losing steam, says EY ITEM Club
The UK labour market is set to face a rockier period over the next few years, with unemployment rising as the consequences of a slowdown in economic growth bite and pay growth remaining subdued, according to the EY ITEM Club special report on the labour market published today.
East Anglian entrepreneur shortlisted as finalist in EY Entrepreneur Of The Year 2017
Norwich-based Epos Now has been listed as a finalist in the ‘EY Entrepreneur Of The Year 2017’ programme.
Stronger global economy paves the way to Brexit, says EY ITEM Club
A revival in the UK’s overseas markets will support the economy’s readjustment away from consumer spending towards trade and help smooth the impact of Brexit on GDP, according to the EY ITEM Club spring forecast.
‘Slow but steady’ quarter for IPOs
The UK IPO market has seen a slow but steady start to the year as a result of businesses waiting on the sidelines for more clarity around the triggering of Article 50 and political personnel changes in the US, according to the latest issue of EY’s IPO Eye.
EY instant reaction: Article 50
As Prime Minister Theresa May triggers the Article 50 process of leaving the EU today, Nick Gomer, EY’s office managing partner in Cambridge, comments: “There is little doubt that these will be some very complex negotiations, however with the right will on both sides, there is a way through.
Consumer spending growth is set for a four-year low, with lower earners hit hardest, says EY
After enjoying ‘boom’ conditions last year, consumer spending growth is expected to fall to a four-year low in 2017, according to the EY ITEM Club’s special report on consumer spending.
EY in Cambridge comments on the Chancellor’s decision to scrap National Insurance rises
Stuart Wilkinson, partner at EY in Cambridge comments
Business rates scrutiny may force Chancellor’s hand despite hopes for ‘low-key Budget’
Business rates, social care and taxation of the self-employed are likely to top the Budget agenda, says EY.
OBR forecast set to deliver some Budget day fiscal cheer for Chancellor, says EY
The Chancellor is set to receive a rare piece of good news on Budget day as the Office for Budget Responsibility’s (OBR) forecast is expected to reveal lower borrowing projections and stronger GDP growth, according to the EY ITEM Club Budget preview.
EY drives social mobility by removing academic entry criteria
Changes made to EY’s UK student recruitment process are helping to ‘open up’ the doors of the profession to a more diverse range of talent.
UK economy set for a ‘hard rebalancing’ says EY ITEM Club
The recent slump in sterling should prompt a significant readjustment of the UK economy away from consumer spending towards exports, according to the EY ITEM Club winter forecast. But while economic growth will be better balanced it is also likely to be slower.
EY’s Entrepreneur of the Year programme open for entries
EY’s Entrepreneur of the Year programme, celebrating entrepreneurs who are leading emerging and developed businesses, is now open for entries. It celebrates the success of the UK’s best entrepreneurs, the contribution they’re making to our economy and the legacy they’re building.
University students pessimistic about securing their dream job
Gen Z students are starting university pessimistic about their employment prospects, with only 20% believing they will secure their dream job, according to a study conducted by EY across the UK. The figure drops to 10% as students progress into the second and third year of their degree.
UK has short window for action to preserve its attractiveness to foreign investors
The UK has a short window of opportunity to develop and implement policies that will maintain and grow its longer-term attractiveness to international investors, using the respite offered by the stable immediate economic outlook, says a report published by EY.
Cambridge set to be one of UK’s fastest growing cities until 2019
Cambridge is expected to see GVA growth of 1.8% over the next three years as the city outperforms regional economic performance in the East of England (1.4%) – also growing ahead of the UK average of 1.5%.
EY comments: 'an Autumn Statement to end them all'
Stuart Wilkinson, Tax Partner at EY in Cambridge comments: “In what was really a mini-budget, with 43 measures including 18 tax changes, the Chancellor’s first and last Autumn Statement today was what we expected – giving a little bit here and taking a little bit there.
Number of profit warnings in East Anglia remains low despite Brexit uncertainty
Quoted companies in East Anglia issued two profit warnings in the third quarter of 2016, the same number of warnings issued in the previous quarter and the same quarter of last year.
UK economy to enter prolonged period of weaker growth, says EY ITEM Club
The UK economy has shown greater resilience than many had anticipated since the EU referendum vote, but a slowdown in consumer spending on the back of higher inflation and falling business investment will result in much slower growth rates over the next couple of years, according to the EY ITEM Club autumn forecast.
EY UK announces revenue growth of 7% to £2.150b for 2016
EY, the professional services firm providing assurance, tax, transaction and advisory services, has reported UK fee income growth of 7% to £2.150b for the year ending 1 July 2016, up from £2.010b in the previous year. This takes EY’s Compound Annual Growth Rate over the past five years to 8%, adding almost £700m to its revenue.
EY announces promotions in Cambridge
Big Four professional services firm EY has made 15 promotions at its Cambridge office, which includes the appointment of two directors.
Nearly a quarter of online clothing purchases returned by shoppers
Online shoppers return on average 2.2 items out of every 10 of their clothing purchases, according to EY’s ‘Zero clothing returns.