A ‘shop window budget’ – EY’s Spring Budget 2024 predictions
Chris Sanger, EY Tax Policy Leader, comments on the possible direction the Chancellor might take at the 2024 Spring Budget:
Profit warnings from UK-listed companies in the East of England at highest level since 2020 Covid 19 pandemic
Listed companies in the East of England issued five profit warnings in Q4 2023, the highest quarterly total since the Covid-19 pandemic in 2020 according to the latest EY-Parthenon Profit Warnings report.
EY ITEM Club Winter Forecast
Summary- while challenges remain, the UK’s period of economic stagnation is slowly coming to an end.
Could someone you know be our next EY Entrepreneur Of The Year™ UK?
EY is searching for unstoppable entrepreneurs who create long-term value to participate in the 2024 experience – those who are driven by their desire to better the world around them and inspire innovation without limitation, who have built something truly remarkable and stopped at nothing to achieve their greatest ambitions.
Female appointments to UK financial services boardrooms fell sharply in 2023, amid growing demand for c-suite experience
GENDER SPLIT: 33% of UK financial services directors appointed in 2023 were female, down from 61% in 2022EY invests in new Cambridge office as part of long-term growth plan for the region
EY announces that it is relocating to a new office in Cambridge as part of the continued long-term growth investment plan for the business.
EY continues strong growth in East of England, as UK revenues hit record high of £3.8bn
Cambridge - EY has achieved a second year of double-digit revenue growth, with UK revenues up 16% and fee income increasing to a record £3.76bn from £3.23bn the previous year. This market leading performance has been underpinned by long term investments in people, audit quality and technology. Distributable profits before tax remained broadly flat at £659m.
EY celebrates Partner appointments in East of England
EY has today announced the appointment of five new partners to its East of England offices as it continues to make significant investments in top talent to meet client demand and support the growth of the business. The appointments include five promotions at EY’s office in Cambridge and one in Luton.
East of England records second highest total for Foreign Direct Investment projects since 2017, EY survey reveals
Cambridge - The East of England has recorded its third highest total for annual Foreign Direct Investment (FDI) projects in the last decade, according to the latest EY UK Attractiveness Survey.
The East of England set to be one of the UK’s fastest growing regions in the next few years, finds latest EY report
The East of England is set to be one of the country’s best performing regions for economic growth between 2024-26, as the UK economy continues to recover from the COVID-19 pandemic, according to EY’s latest Regional Economic Forecast.
Profit warnings from listed companies in the South East increased by 89% in 2022
Listed companies in the South East issued 70 profit warnings in 2022, an increase of 89% on the previous year, according to the latest EY-Parthenon Profit Warnings report. In Q4 2022, 13 profit warnings were issued, seven less than Q3.
'The time for pulling rabbits from hats is over’: EY Autumn Statement Predictions
Chris Sanger comments on the possible direction the Chancellor might take with the first Autumn Statement under the new Prime Minister.
Profit warnings for East of England listed companies up in Q3 2022
London - Listed companies in the East of England issued three profit warnings in Q3 2022, according to the latest EY-Parthenon Profit Warnings report.
EY recruits 48 students to Cambridge and Luton offices as part of investment in young talent
EY welcomes a record 1,473 students into its UK business this year - up 35% compared to 2021 - as the firm continues to invest in young talent to support its future growth.
Profit warnings issued by UK-listed companies increased 66% year-on-year in H1 2022, with over half citing rising costs
The number of profit warnings issued by UK-listed companies in the first six months of 2022 increased 66% compared to the same period in 2021, with a record number of companies citing rising costs as the reason behind their warning, according to EY-Parthenon’s latest Profit Warnings report.
New EY report reveals East of England matches pre-pandemic FDI performance
The East of England matches its pre-pandemic levels of Foreign Direct Investment (FDI), with 40 projects hosted in the region in 2021. This is the same number of FDI-backed projects delivered in 2019, according to the EY 2022 UK Attractiveness Survey. By comparison, UK project numbers grew just 1.8% from 975 in 2020 to 993 in 2021.
Spring Statement – don’t hold your breath for tax announcements but there may be some nuggets to address the cost of living
Stuart Wilkinson, Office Managing Partner and Head of Tax at EY in the East of England, comments on Spring Statement predictions.
East of England set to record a robust economic recovery from COVID-19, finds latest EY report
The East of England’s economy is forecast to see above-average growth over the course of its recovery from the impact of COVID-19, according to EY’s latest Regional Economic Forecast.
Record number of UK-listed companies cite supply chain and rising costs in profit warnings in 2021
East of England: The number of profit warnings issued by listed companies based in the East of England has decreased in 2021 compared to 2020, although supply chain disruptions and rising costs are set to continue to challenge businesses in the region, according to EY-Parthenon’s latest Profit Warnings report.
Record breaking IPO activity in 2021 but headwinds could threaten IPO success in 2022
London witnessed a record number of IPOs in 2021 with 121 IPOs, the highest since 2007, raising total funds of £16.3bn, according to EY’s latest market tracker, IPO Eye.
Net business borrowing over 2021 will be negative as UK firms repay COVID-19 debt at pace
Net UK bank to business lending is forecast to fall to minus £1.6bn over 2021, following £35bn net of corporate loans in 2020, as firms pay down debt far quicker than expected.
Changing consumer values are redefining the ‘new normal’ – EY’s latest Future Consumer Index
Consumer values have changed permanently during the pandemic, driving a desire for a more responsible form of consumption, according to the latest EY Future Consumer Index.
UK economic recovery to be slower than expected, but it’s ‘far from out of steam’, says EY ITEM Club
The EY ITEM Club has downgraded its projections for UK GDP growth in its new Autumn Forecast, published today. Growth of 6.9% is now expected in 2021 (down from 7.6% in July’s Summer Forecast), while 5.6% growth is predicted in 2022 (down from 6.5%).
Strong balanced UK growth supports continued investment in EY Cambridge
As companies adjusted to the COVID-19 pandemic, strong levels of client demand and continued investments in EY’s people and technology capabilities have supported the firm’s UK growth over the past financial year.
EY comments on today's Budget
Carolyn Norfolk, Indirect Tax Lead at EY in the East of England and Midlands, comments on the Chancellor’s Budget announced today.