One in four customers willing to switch broadband provider this year
One in four customers are willing to switch broadband provider this year, according to the EY report ‘Navigating the Bundle Jungle: Content, connectivity and customer trust’, up from a figure of 21% in the first Bundle Jungle report, which was released in 2013.
Businesses call for fresh look at tax landscape ahead of Autumn Statement
The Government should look beyond a headline-grabbing cut in corporation tax and grasp the opportunity to reshape the UK’s tax landscape, according to EY, whose thinking is supported with a survey of more than 175 UK and international businesses.
UK leads G20 nations in cutting red tape for digital entrepreneurs
The UK has been ranked as the top G20 country for the ease of starting a digital business and navigating through the country’s regulatory environment, according to new research released by EY today.
Report urges employers and schools to back school-to-work agenda
Less than a third of young people (28%) aged 16 to 21 in the East aren’t confident about finding a job in the next few years and lack information about local job opportunities (34%), according to a new report published by the Chartered Management Institute (CMI) and EY Foundation - Age of Uncertainty: Young people’s views on the challenges of getting into work in 21st century Britain.
Stark variations in youth unemployment levels across East of England
There is a huge disparity in the numbers of young people being employed across the UK’s regions and cities, including in the East of England, which has the lowest rate of youth unemployment in the country at 11.2%. This compares to some of the region’s cities which have higher youth unemployment rates: Southend-on-Sea (21.7%), Luton (19.1%) and Peterborough (15.3%).
Number of profit warnings in East Anglia remain low despite EU referendum uncertainty
Quoted companies in East Anglia have issued nine profit warnings in 12 months leading up to the EU referendum, one less than in the 12 months previous to that, according to EY’s latest Profit Warnings report.
UK economy faces short sharp shock, but exports offer silver lining, says EY ITEM Club
The UK economy, post-referendum, will take a very different path to the one expected three months ago. While the fundamentals will not change in the short term, there are likely to be severe confidence effects on spending and business investment, resulting in anemic GDP growth for at least the next three years, according to the EY ITEM Club summer forecast.
UK IPO activity likely to ‘slide to a near standstill’ in next 12 months following slow 2016
The subdued levels of IPO activity seen this year are expected to continue into 2017 bringing the UK IPO market to a near standstill, according to EY’s IPO Eye released this week.
Cambridge businesses must use coming months to assess impact on trade, people and regulation
Nick Gomer, EY’s managing partner in Cambridge, discusses the implications of the EU Referendum vote
East of England attracts 40% more foreign direct investment
The East of England recorded 21 foreign direct investment (FDI) projects in 2015, which is an increase of 40% on 2014 when the region attracted 15 projects. This represents the strongest performance seen in the region since 2008.
EY analysis reveals rapidly growing e-cigarette market
The e-cigarette market is experiencing strong growth, driven by rising consumer demand and industry innovation. It is a dynamic market with consumer preferences changing from country to country, according to a new report from EY.
Peterborough entrepreneur shortlisted for prestigious business award
Christopher McBean, CEO of Peterborough-based E-leather, manufacturer of engineered leather for high performance applications, has been announced as a finalist in the EY Entrepreneur of the Year Awards 2016.
Profit warnings in East Anglia remain low as economy improves
Profit warnings remain low in East Anglia, with three warnings issued during the first three months of the year, according to EY’s latest Profit Warnings report.
Businesses to pick up the baton from UK consumers, says EY ITEM Club
The UK consumer will continue to be the main driver of economic growth in 2016, but businesses will pick up the baton next year as investment levels are expected to rebound, according to the EY ITEM Club’s spring forecast.
Inflation beats expectations, but rise is only due to temporary factors
Inflation picks up... but the rise is entirely due to temporary factors. Return to a 2% target is still on course to be a long slow grind, says EY.
EU audit reform: UK PLC underprepared and face rising costs
New EU audit rotation reforms, due to take effect in June, are going to have significant cost implications for UK corporates and yet one in five companies are ‘woefully unprepared’, reveals a survey of FTSE 350 business leaders by EY.
EY - one of the UK’s ‘Best Big Companies to Work for’
EY has been ranked 13th in The Sunday Times top 25 'Best Big Companies to Work For’ and receives 1 Star Accreditation and special award for ‘Innovation in Engagement Practice’.
The search is on for the 2016 EY Entrepreneur Of The Year
EY has announced the launch of Entrepreneur Of The Year 2016, considered the world's most prestigious business awards that recognise entrepreneurs. It starts at a local level, with a regional programme across the South of England.
East Anglia profit warnings fall 30% year on year
The total number of profit warnings issued by quoted companies in East Anglia fell by 30% in 2015 (9), compared with 13 in 2014 – the lowest number of warnings recorded since 2009.
Nick Gomer returns to Cambridge as EY’s new Office Managing Partner
Nick Gomer has recently been appointed Office Managing Partner in EY’s Cambridge office, returning to lead the regional practice across the East of England.
Cambridge set to be one of UK’s fastest expanding cities, says new EY forecast
Cambridge is set to be one of the fastest expanding cities in the UK over the next three years, with forecast Gross Value Added (GVA) per year of 2.5%, reveals a new EY forecast.
Fines and prison sentences issued by UK regulators are increasing, says EY study
UK regulators have been issuing tougher punishments to companies found guilty of wrongdoing, EY’s Investigations Index has revealed. The study, which analysed fines and criminal prosecutions against business and individuals, showed that the average fine issued has increased from £10.8m to £42.3m over the last two years, equating to a 291% increase.
EY comments: mini Budget or merely a trailer?
Stuart Wilkinson, tax partner at EY in Cambridge, comments on the Autumn Statement today: “The Chancellor has delivered on one promise – to make the Autumn Statement more about the economy and less of the mini-Budgets of his predecessors. Today was less of a mini Budget and more of a trailer for what’s yet to come."
EY’s Autumn Statement predictions: making sure that the plan works
While the main focus of the Autumn Statement today will be on the macroeconomic picture, the Chancellor is expected to take steps to ensure that the UK’s economy and tax system remain robust and competitive, says EY.
OBR’s fiscal forecast is unlikely to provoke policy change in Autumn Statement, says EY
With the Chancellor’s red box due to make its third appearance of the year on Wednesday for the Autumn Statement and Spending Review, the EY ITEM Club expects the Office for Budget Responsibility’s (OBR's) new economic and fiscal forecast to provoke little in the way of policy change. But the Chancellor is likely to take the opportunity to tackle the tax credit challenge.