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The EY ITEM Club has downgraded its GDP growth expectations for 2025 to 0.8%, down from the 1% predicted in February’s Winter Forecast, and has revised its 2026 forecast down from 1.6% to 0.9%. While the start of 2025 appeared to show economic momentum building, the weaker global economy and m

The Financial Reporting Council (FRC) has launched an investigation into EY's audits of the Post Office for the financial years 2015 to 2018. The probe stems from the ongoing fallout of the Horizon IT scandal, which saw hundreds of sub-postmasters wrongfully convicted based on faulty software data.

The Financial Reporting Council (FRC) has fined EY nearly £4.9 million for "serious" breaches of standards in its audits of the failed travel company Thomas Cook. The penalty concludes a near six-year investigation into the firm's work on Thomas Cook's accounts for the financial years 2017 and

EY has announced the selection of Alison Duncan as its next UK Chair, effective from 1 April. She is set to succeed Hywel Ball, who is retiring from the firm at the end of the financial year.   

Stirling will have the fastest-growing economy in Scotland over the next three years – and be among the top four for growth in the UK – according to new research from Ernst & Young (E&Y).

EY is restructuring its UK legal arm, leading to redundancies and a scaling back of its legal sector ambitions. In a brief conference call, partners informed staff of the overhaul and redundancy consultation, affecting approximately 30 of the firm's 160 UK legal employees. Some roles will be relocat

A new economic forecast by EY has predicted slower gross value added (GVA) growth for Scotland compared to other UK regions over the next three years.

EY is set to implement a significant partner redundancy round, potentially the largest in decades, as the firm grapples with a prolonged downturn in professional services. The Big Four firm, led by UK and Ireland managing partner Anna Anthony, plans to axe approximately 30 partners, primarily within

Scotland's economy outperformed the UK in 2024, however, a sharp slowdown in consumer-facing sectors during the fourth quarter signals growing household caution amidst economic uncertainty, according to EY. The latest EY ITEM Club Scotland forecast projects a GVA growth of 0.9%. While GDP data

Business confidence amongst UK CEOs is growing, despite ongoing geopolitical and macroeconomic challenges, according to the latest EY-Parthenon CEO Outlook survey. 

The gender pay gap across UK financial services boardrooms decreased five percentage points between 2019 and 2023, from 30% to 25%, according to the latest EY European Financial Services Boardroom Monitor.

EY's failed attempt to spin off its consulting arm, known as Project Everest, left the firm with a hefty debt that took longer than expected to clear, according to its latest yearly account. Despite aiming to repay the $700 million (c. £575m) credit facility by July 2024, the Big Four firm sti

The EY ITEM Club has predicted the Bank of England will maintain the Bank Rate at 4.75% at its December Monetary Policy Committee (MPC) meeting next week. This pause in the rate-cutting cycle is anticipated to be temporary, with the EY ITEM Club expecting a return to rate reductions in the new year,

Scotland’s economy recorded strong growth in the first half of 2024 broadly keeping pace with the UK, but there are signs that growth is slowing in the second half of the year, according to the latest EY ITEM Club Scottish Forecast. GVA should expand by 0.7% over the course of 2024, slightly b

Big Four firm EY has revealed plans to cut 150 jobs within its UK consulting division. The cuts will primarily affect senior roles such as managers, senior managers, and directors. This move comes as demand for consulting services weakens following a boom during the pandemic.