PracticeConsultingUK consultancy market the biggest in Europe

UK consultancy market the biggest in Europe

The UK management consultancy market has taken over from Germany as the largest consultancy market in Europe during 2002, according to a new report.

Link:Government outsourcing bill to reach £16bn

The UK’s turnover in the 2002 consultancy market has been measured at $12.8bn (£7.69bn), compared to Germany’s $12.3bn (£7.39bn).

Despite UK consultancy revenues among MCA members achieving just 4% growth in 2002, the only time it has failed to reach double-digit growth in the last ten years, it was significantly better than the 2% fall across Europe.

The UK market has been driven by strong demand for public sector and financial services, while many businesses are continuing to drive forward with outsourcing projects.

The report, put together by International Financial Services London, can be downloaded from its website: www.ifsl.org.uk.

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