EY reports UK revenue growth of £2.41bn and continues to invest in the East
EY has increased its UK revenue by 2.7% in the financial year ending 30 June 2018, from £2.35bn to £2.41bn with a five year compound annual growth rate of 7%.
EY’s Autumn Budget 2018 predictions
Will the Chancellor choose to lay the foundations for the economy in a post-Brexit world or deliver a “caretaker Budget”?
EY ITEM Club downgrades GDP growth forecast for second quarter running
The EY ITEM Club has trimmed its GDP growth forecast for both 2018 and 2019 for the second successive quarter. This reflects increased uncertainties currently facing the outlook due to the elevated risk of the UK leaving the EU without a deal in March 2019, recent faltering consumer purchasing power, and a clear loss of economic momentum in the eurozone over the first half of 2018 as well as an…
Brexit uncertainty casts shadow over UK IPO market
The UK’s IPO activity has seen a decline in volume and value in the third quarter by 47% and 71% respectively, according to the latest EY IPO Eye.
EY comments on today’s 'No-deal' Brexit guidance
Mats Persson, EY’s UK Brexit Strategy Leader and former adviser to 10 Downing Street, comments on today’s 'No-deal' Brexit guidance:
EY appointed administrators to House of Fraser
Alan Hudson, Hunter Kelly, Colin Dempster and Craig Lewis from EY’s Restructuring team were appointed this morning as Joint Administrators (together ‘the Administrators’) to certain companies within the House of Fraser Group.
EY appoints Mandi Dosanjh as it grows its Luton and East of England business
EY has appointed Mandi Dosanjh as Assurance Associate Partner to expand the firm’s mid-market offering in the East, based in the Luton office.
GDP growth at lowest level since 2012 says EY ITEM Club
EY ITEM Club expects GDP growth of 1.4% in 2018, downgraded from 1.6% in its Spring Forecast
Majority of UK plans to watch FIFA World Cup, but interests vary significantly
The 2018 FIFA World Cup is set to grip the nation, and will see millions of arm-chair supporters opt to join friends, family and the general public for a shared viewing experience rather than watch the matches on their own, according to an EY survey of 2,000 UK consumers.
Cambridge doubles its foreign direct investment projects in 12 months
Cambridge recorded 14 foreign direct investment (FDI) projects in 2017, doubling the amount of investment recorded in 2016 (7). The city’s performance propelled Cambridge into joint 8th position in the list of top 20 UK locations for attracting inward investment.
Economic impact of the Royal Wedding – EY ITEM Club comments
The Royal Wedding between Prince Harry and Meghan Markle should have some benefits for the UK economy, although we suspect the overall impact will be limited, says EY Item Club.
UK’s position as a destination for renewable energy improves
The UK has climbed three places to seventh position in the latest Renewable energy country attractiveness index (RECAI) following the market’s adaptation to subsidy-free solar PV, onshore wind projects and moves to repower old wind farms.
UK economic growth stable but sluggish, says EY ITEM Club
EY ITEM Club expects GDP growth of 1.6% in 2018, with the UK economy steady but uninspiring despite some improved conditions.
EY Cambridge comments on Spring Statement
Stuart Wilkinson, Partner at EY in Cambridge. comments on the Chancellor's Spring Statement: “The figures in today’s Spring Statement underline what we already know – and indeed what EY’s own Regional Economic Forecast shows – that we are seeing a slowdown in economic growth across the UK, with the OBR forecasting a fall in GDP from 1.7% growth in 2017 to 1.3% in 2020.
UK consumer spending hit with new headwinds this year
Following a difficult year, 2018 offers some reasons for optimism for UK consumers, with the EY ITEM Club forecasting falling levels of inflation and a modest revival in pay growth. However, the EY ITEM Club says that the good news will be offset by new headwinds including weaker employment growth, rising interest rates and more reluctance among consumers to ‘live beyond their means’.
UK economy over the worst, but struggling to accelerate
The UK economy is over the worst but is struggling to accelerate compared to its global counterparts, and will remain stuck in the middle lane in 2018 and over the medium term, says the latest forecast from the EY ITEM Club.
EY named one of the UK’s 'Best big companies to work for'
EY has been ranked as one of Top 10 'Best big companies to work for' in the UK, by The Sunday Times.
'Households now spend more time on the internet than watching TV'
Over half of UK households (56%) spend more time on the internet (including streaming) than watching TV, up from 49% in 2016, the results from EY’s latest annual digital home survey of 2,500 UK consumers reveal today. This is the first time that the internet has overtaken television to grab the largest share of household attention in the survey.
Price trumps ethics for UK shoppers, new EY research reveals
Two thirds of British consumers consider themselves to be ethical shoppers - but price is still the most important factor when purchasing a product for 78% of shoppers, a new report from EY reveals.
East of England growth forecast to outperform some UK regions, says EY report
The East of England is forecast to average 1.7% Gross Value Added (GVA) per year until 2020, just behind the UK’s average economic performance of 1.8% and ahead of Scotland (1.5%), North West (1.5%) and Yorkshire & Humber (1.4%).
EY East tax partner comments on Autumn Budget 2017
Stuart Wilkinson, tax partner at EY in the East comments on the measures announced in the Chancellor’s Autumn Budget and the impact for business and people across the region...
EY’s Autumn Budget 2017 predictions
Stuart Wilkinson, tax partner at EY in the East of England says: “This Budget, as the first one of a Parliament, would normally be expected to be full of bold moves, where the Chancellor builds a war chest to utilise later in the Parliament. However, in this case, with a minority Government, and business and citizens struggling to understand what the future of the UK will be following Brexit, the…
UK entrepreneurs hungry for capital in 2018, new EY research reveals
The EY Fast Growth Tracker interviewed 371 business owners about their fundraising and exit plans. It found that funding remains the biggest hurdle to British business success, with 50% of business owners agreeing it is the largest constraint on their growth.
Budget sees Chancellor between a rock and a hard place as OBR cuts productivity forecast
The Chancellor is in an unenviable position heading into the Budget, facing pressure for ‘bold action’ that stems from some public dissatisfaction with austerity measures, and squeezed public sector pay, while also having to contend with anticipated higher budget deficits over the medium term, according to the EY ITEM Club Budget preview.
EY UK announces revenue growth of 9.2% to £2.35b for 2017
EY, the professional services firm providing assurance, tax, transaction and advisory services, has reported UK fee income growth of 9.2% to £2.35b for the year ending 30 June 2017, up from £2.15b in the previous year and adding over £1.3b of organic revenue since 2010.