Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

EY: London must prepare for global future

Mar 17
 
Tags: Ernst & Young LLP
Share this story:
EY: London must prepare for global future

London must focus on preparing for its "global future" outside the European Union, according to EY.

The consulting firm commented on some of the challenges and opportunities facing the capital in its response to this month's Budget, which was Philip Hammond's first as chancellor of the exchequer.

Caroline Artis, EY's managing partner for London, said one of the welcome announcements for businesses based in the capital was the confirmation that the city's mayor will be given more power to enable local decision-making.

She noted that many companies will be "delighted" if bodies like the Greater London Authority and city councils - rather than central government - are given the authority to take action on issues like congestion and funding infrastructure.

"Equally, the exploration of further devolution of business rates, apprenticeships and health and social care should all be welcomed," said Ms Artis.

"Londoners will expect to see huge improvements in roads, rail and the Underground which will help keep London focused on a global future outside the EU."

KPMG responded to the 2017 Budget by noting that businesses had asked for stability and the chancellor had "largely delivered".

The firm pointed out that, as well as giving companies the "breathing space" to deal with previously announced changes due to take effect this year, Mr Hammond repeated the government's "mantra" that the UK is open for business.

It also welcomed the support the government has shown for driving technological innovation in the UK. The Budget included provisions of £300 million to facilitate research into STEM subjects (science, technology, engineering and mathematics), £270 million to drive development in areas like biotech and driverless vehicles, and £200 million to improve access to superfast broadband.

Search Mindbench.com for the latest management consultancy jobs and consulting recruitment opportunities or contact us on +44(0)207 089 9017.

Image: mbbirdy via iStock

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£35k-£50k plus excellent bon...
Choice of London, Switzerland and Germ...
Our client is actively seeking exceptional individuals to join their team as Business Analysts in London They are a boutique management consultancy. They partner with private equity firms and
€80k-€90k plus bonus, benefits
Amsterdam, Dutch language not required...
Our client is the consultancy arm of a global integrated marketing agency network. They help our clients grow through disruptions by delivering improved customer experiences
£70k-£100k plus bonus, benef...
Central London
As a communications and culture consultancy that is built around purpose, values and sustainability, every single project that our client delivers makes the world a little bit happier and healthier -
£50k + (OTE £85k+)
London
About: Our client is a global learning solutions and technology provider to the financial services market in the UK. They have a large variety of products through which they educate over 2m
£80k-£100k plus bonus, benef...
London and Midlands
Our client is growing the work they are doing in the Utilities sector. They are looking for a  Managing Consultant or Principal Consultant to be a member of their Core and / or Operations team