James Ashton: Consultants upbeat as they spy green shoots
Management consultants regard themselves as a canary down a mine shaft for the economy because when companies want to start spending, they’ll call in the experts first.
If they are to be believed, green shoots will be sprouting soon. Clients in a range of industry sectors are exploring entering new markets and product innovation, they say – all good signs of improving confidence.
The old advertising adage is more appropriate when applied to consultancy: half the money spent on it is wasted – the trouble is clients don’t know which half.
But that hasn’t stopped spending haring away, especially for the Big Four accountancy firms, which have grown back consulting arms after most of them were jettisoned following the Enron scandal that hobbled Arthur Andersen. PricewaterhouseCoopers’ pursuit of the German consultancy Roland Berger will up the ante further.
There is plenty of business to spread around. Some consultants report that even the Government is spending more with them. Don’t tell Francis Maude, the Cabinet Office minister who was meant to be clamping down on this sort of stuff.
- 4 #JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
- 5 Women think Irish men are the sexiest, survey finds
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
General Election 2015: Sturgeon claims Scots 'appalled' by Ed Miliband's refusal to work with SNP
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...
£40-50k + Benefits.: Guru Careers: A Project Manager / Business Analyst is nee...