Deloitte moves global HQ to London

Deputy Editor
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Despite recent warnings of companies looking to exit the UK, one global accountancy network has issued a vote of confidence in the square mile.

In the same week as finance chiefs warned of a potential mass exodus of multinationals from the UK thanks to the government’s tightening of immigration rules, it was announced that Deloitte has moved its legally registered HQ from Switzerland to the UK.

Although the move will not have an impact on the amount of tax the UK will earn from the group – it’s decentralised structure means taxes are paid by member firms on a country-by country basis – it is being heralded by some in the profession as a sign that confidence in the UK as a leading financial centre is not lost.

Earlier this week PwC warned that...

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