Bloomberg Tax
Feb. 7, 2023, 2:31 PM

Big Four Lose UK Government Consulting Work Even as Market Grows

Michael Kapoor
Michael Kapoor
Freelance Correspondent

The Big Four accounting firms did significantly less consulting work for the UK government in 2022, despite a 12% surge in the overall market, according to a report Tuesday.

The Big Four’s government consulting work was valued at around £543 million ($650 million) in 2022, according to Tussell, a research firm that studies the UK public sector market. That was down 45% from the previous year, with all four of the firms losing business. The overall government consulting market—which also includes information technology and engineering—has been growing strongly, reaching £2.8 billion in 2022 from £700 million in 2016.

  • “All of ...