EY ITEM Club has recently appeared in the news due to its economic forecasts and analysis. The club, which is part of Ernst & Young Global Limited (EY), provides independent economic forecasts and analysis for the UK. It has gained attention for its insights into the state of the UK economy and its predictions for key economic indicators.
EY ITEM Club's recent appearances in the news have been driven by its forecasts and assessments of the impact of various events on the UK economy. This includes predictions on GDP growth, inflation rates, interest rates, and other economic factors. The club's analysis has been sought after by businesses, policymakers, and the media to gain insights into the economic outlook and make informed decisions.
EY ITEM Club is a respected and influential economic forecasting group. It was established in 1977 and is known for its independent and unbiased analysis. The club's forecasts are based on a detailed and comprehensive model of the UK economy, which takes into account various factors such as government policies, global economic trends, and market conditions.
EY ITEM Club's economic forecasts and analysis are widely regarded for their accuracy and reliability. Its insights help businesses, investors, and policymakers navigate the complex economic landscape and make informed decisions. The club's contributions to the understanding of the UK economy have made it a prominent figure in economic discussions and have earned it a reputation as a trusted source of economic analysis.
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UK wages rise by 7.8% in the three months to August, outpacing inflation for the first time in two years.
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Citigroup plans to remove five layers of management and streamline operations as part of its restructuring plan.
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The CBI is closing its offices in Washington, Beijing, and Delhi, leaving only one overseas presence in Brussels. It is also stepping back from the Change the Race Ratio campaign, which promotes racial and ethnic minority representation on UK company boards and leadership teams.
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Recharge Industries has defaulted on its agreement to buy Britishvolt after failing to make the final payment of £8.57 million.
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Britishvolt and Proterra, two electric vehicle companies, have filed for bankruptcy protection due to financial difficulties.
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Carmine Di Sibio, global chief executive of EY, has announced his retirement next summer
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Deloitte and Ernst & Young announce layoffs in the US due to overcapacity and a slump in merger and acquisition activity.
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EY has scrapped its plan to separate its consulting and accountancy arms, leading to cost-cutting measures and potential resignations.
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EY's plans to separate its audit and advisory businesses, known as Project Everest, have been thrown into turmoil due to a dispute with senior US staff over the placement of tax experts within the split business.
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Darktrace hires Ernst & Young to conduct an independent review of its financial processes and controls in response to allegations of accounting irregularities made by Quintessential Capital Management (QCM).
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Recharge Industries has been selected as the preferred bidder to acquire the majority of the business and assets of Britishvolt.
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The Insolvency Service reported a 57% increase in total company insolvencies in 2022, reaching 22,109, the highest figure since 2009.
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EY Germany plans to cut 40 partners and fire 380 staff to improve profitability following the Wirecard scandal fallout.
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Britishvolt has fallen into administration, making the majority of its 300 staff redundant, after failing to raise enough money to stay afloat.
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EY has updated its forecast for the UK economy, predicting a 0.7% decline in GDP this year, followed by reduced growth of 1.9% and 2.2% respectively.
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The UK Prime Minister announced her resignation after only 45 days in office, leaving businesses uncertain about government policies and causing anger and dismay among business leaders.
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The FTSE 100 index fell to its lowest point in 19 months on Thursday, but rebounded to close 0.35% higher after new data revealed the US inflation rate surpassed market expectations in August.
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Ernst & Young partners to vote on splitting audit and consulting businesses