DWP launched the MCA UK Consulting Industry Statistics 2012 Report on 14th May, achieving widespread media coverage in the national, business and trade press.
The report found that the UK management consulting industry’s fee income grew by just under 5% in 2011, and the total number of fee earning consultants increased by 10%, with the UK industry moving back to aggregate fee income levels last seen in the immediate pre-crisis period.
The MCA estimates that the industry is now worth nearly £9 billion and that spending on consultancy services is an advance indicator of an incipient though slow economic recovery.
Alan Leaman, Chief Executive of the MCA, said:
“The UK consulting industry is both resilient and agile. It looks likely that the increased spending on consultancy services in 2011 by the private sector was an early sign of some improvement in wider economic prospects.”