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Consulting sector expands 4 5% as industry supports clients to recover and build back from the pandemic and exports double reveals MCA
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UK management consultancy industry smashes forecasts with £12bn revenue
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UK productivity crisis less acute than previously thought
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Scathing report blasts unimaginable £37bn cost of coronavirus test and trace system
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The use of management consultants has grown enormously in recent years. In the UK, consultancy brings in around £10 billion a year in fees across the public and private sectors. And while not totally recession-proof, the numbers grew in the run-up to Brexit and then COVID-19. (Remember test and trace? Consultants played a major role.)
Consulting firms can provide advice and extra resources at short notice and can be very effective for the right task and client. But their use often brings controversy, especially when public money is at stake, over the value of outsourcing, for instance. This raises a number of questions. Does consultancy bring improvements such as increased efficiency? If not, how can we explain its huge growth?