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...
About Gina Dyer
I've been a journalist for four years, writing on a wide variety of topics from business and finance to travel, culture and celebrities. I began my career as an editorial assistant for Palladian Publications, a B2B publisher specialising in technical magazines for professionals in primary industries. I later moved into consumer magazines as a staff writer for French Magazine, a monthly travel publication aimed at Francophiles, and was part of the launch team for The Traveller in France, a quarterly magazine produced for the French tourist board. I was also a regular contributor to online travel portal Homesworldwide.co.uk, and later worked with customer publishers Future Plus as a freelance production editor, before joining Sift Media in January 2009. I am currently Deputy Editor of AccountingWEB.co.uk.