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.
- 2 Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
Woman opens professional cuddling shop – gets 10,000 customers in first week
Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Revealed: How the world gets rich – from privatising British public services
Rochester aftermath: Sacking of Emily Thornberry will make work of Labour MPs '10 times harder'
iJobs Money & Business
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Age Concern Slough a...
Voluntary Only - Expenses Reimbursed: Reach Volunteering: Crossroads Care is s...
£20000 - £25000 per annum + OTE £35,000: SThree: We consistently strive to be ...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...