BCG faces HMRC tax probe in consulting sector crackdown Consulting Boston Consulting Group (BCG) is the latest professional services firm to be scrutinised by HMRC over its partnership structure and tax calculations for senior staff. The tax authority is conducting an inquiry into how the consulting group determines whether its partners are technically self-employed or employees for income tax and national insurance contribution (NIC) purposes, [...]
Dutch consulting disruptor takes aim at City’s ‘five-to-one’ markup Advisory Sweav, a Dutch-founded freelance consulting platform, is launching in the UK to challenge the traditional professional services sector on pricing. Speaking to City AM, Joeri Schouten, co-founder of Sweav, said: “The UK is the biggest professional services market in Europe [but] the culture is still much more traditional, very hierarchical, and has an even more [...]
AI-focused services make up 40 per cent of BCG’s 2025 revenue Prof Services The global revenue of the consultancy group Boston Consulting Group (BCG) reached $14.4bn (£10.6bn), a single-digit increase over the previous year, credited to AI. BCG reported seven per cent global revenue growth, rising to $14.4bn in 2025 from $13.5bn in 2024, marking its 22nd consecutive year of growth. The firm said its AI-and tech-focused services [...]
BCG warns the era of ‘wait and see’ is dead as global risks hit all-time high January 12, 2026 As concerns over global policy uncertainty reached a 20-year peak in 2025, BCG is warning that the issue must be a core business capability, with dedicated teams. Business leaders cite trade reconfiguration, weakening multilateral institutions, and the weaponisation of economic tools as persistent threats to business continuity and competitiveness. However, a report by the IMD [...]
Young Brits drive consumer confidence up while high-income households cut back June 19, 2025 A confidence boost amongst Gen Z Brits drove an improvement in consumer confidence in June while wealthier households held back, according to new data. Overall confidence about the state of the UK’s economy improved to -38 in June, up from -36 in May, according to the British Retail Consortium (BRC). Brits’ confidence about their personal [...]
Consumer confidence improves in early sign that ‘the worst has passed’ May 23, 2025 Three major measures of consumer confidence all found an improvement in Brits’ economic sentiment in May, promoted by easing trade tensions and a cut in interest rates. GfK’s long-running Consumer Confidence Index increased by three points to -20 in May after dropping in ‘Awful April’ on inflation fears. “The measure for personal finances looking ahead [...]
BCG London boss: ‘I still believe diverse teams deliver the best outcomes’ May 22, 2025 We dig into the memory bank of the City's great and good. Today, it's Jessica Frame, managing partner at Boston Consulting Group (BCG) London.
Brexit, Trump tariffs and China set to weigh on UK trade January 13, 2025 UK trade will only grow by 0.7 per cent annually between 2023 and 2033, according to new projections from Boston Consulting Group (BCG).
Labour must address long-term sickness to get the economy growing September 10, 2024 Solving the problem of the UK's long-term sickness crisis could radically boost GDP and tax revenues. It should be a top priority for Labour, Chris Dorrell writes
BCG to cough up £11m to US Dept of Justice over bribes in Angola August 29, 2024 BCG has been found to have paid bribes in exchange for business in Angola, despite that, the firm has avoided prosecution following a deal with the Department of Justice