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The EY ITEM Club has predicted the Bank of England will maintain the Bank Rate at 4.75% at its December Monetary Policy Committee (MPC) meeting next week. This pause in the rate-cutting cycle is anticipated to be temporary, with the EY ITEM Club expecting a return to rate reductions in the new year,

Scotland’s economy recorded strong growth in the first half of 2024 broadly keeping pace with the UK, but there are signs that growth is slowing in the second half of the year, according to the latest EY ITEM Club Scottish Forecast. GVA should expand by 0.7% over the course of 2024, slightly b

Big Four firm EY has revealed plans to cut 150 jobs within its UK consulting division. The cuts will primarily affect senior roles such as managers, senior managers, and directors. This move comes as demand for consulting services weakens following a boom during the pandemic.

EY's UK partners have seen their average pay fall 5% to £723,000 this year, despite a 3% rise in revenue to £3.70 billion for the financial year ending 30 June 2024. The Big Four firm reported a compound annual growth rate (CAGR) of 10% for fee income over the last four years, while also

Anna Anthony has been chosen as EY's new UK & Ireland regional managing partner, making her the first woman to permanently lead a Big Four firm in the UK. Currently head of EY's UK financial services division, Ms Anthony is responsible for over £1 billion of revenues, 250 Partners and 5,00

EY partners have been told to expect a second consecutive year of pay cuts, while many senior staff will not receive a salary increase this year.

Donald McLaren, managing director of McLaren Packaging, has won the EY Scottish Entrepreneur of the Year – transformational leader award. EY Entrepreneur Of The Year is a unique global programme that recognises entrepreneurial achievement among individuals and companies that demonstrate vision

ISG plc is expected to follow its subsidiary companies by entering administration today. Six of the contractor's subsidiaries, including ISG Construction, applied to enter administration yesterday.

EY UK is expected to offer lower pay rises and bonuses for staff within its tax advisory division, mirroring a trend among Big Four firms responding to a challenging economic climate. The firm's 4,400-strong tax division are set to receive a 2.2% base salary increase, a decrease from previous years

Scotland’s economic recovery is gaining momentum, suggesting fertile conditions for growth, but pace remains ‘anaemic’, according to the latest EY ITEM Club Scottish Summer forecast. The latest quarterly GDP data indicates that the Scottish economy grew by 0.5% in the first quarter

The Financial Reporting Council (FRC) has fined Big Four accountancy firm EY £320,000 for breaching the cap on fees it can earn from providing consultancy services to an audit client.

Scotland has maintained its position as the second most attractive location for foreign direct investment (FDI) in the UK, after London, securing a record 124 projects in 2023. According to EY’s Scotland Attractiveness Survey, this represents a 12.7% increase from the previous year, significan

EY Scotland has appointed seven new partners and elevated an existing partner to equity partner. Will Asher, Mark Higgins, Laura Mitchell, Fiona Queen, Richard Rainey, Ross Robertson, and Mike Winn have been appointed partners. Tom Sanders, who was appointed partner in the Aberdeen practice in

EY has launched its first Scottish fintech lab in Edinburgh, following the Big Four firm's first successful lab in London. The lab is designed to collaborate with start-ups and scale-ups to create innovative solutions to key financial challenges across the UK region, with a particular focus on susta

Hywel Ball, EY's UK chair and UK&I managing partner, has announced his resignation, triggering a leadership race for one of the most coveted roles in professional services. The 61-year-old veteran, who has dedicated his entire career to the Big Four firm since 1983, was a staunch advocate for Pr