Can consulting manage Brexit?

news in brief

Oxera sees border chaos

Economics consultancy Oxera envisages £1 billion a year damage — and vast lorry parks across the south-east — from post Brexit customs checks. Full report on Oxera's analysis of Brexit and the transport sector is here.

EY joins FinTech

London: EY is the first Big Four firm to sign a membership deal with Innovate Finance, the leading global FinTech association based in the UK, as part of its commitment to build its FinTech practice and champion the UK as the world's global hub for FinTech innovation. Innovate Finance already has a community of over 120 FinTech companies, including startups, established financial services institutions and two $1bn "unicorns".

KPMG buys High-Point Rendel arms

London: KPMG has acquired the assets of the strategic management and commercial consultancy arms of High-Point Rendel Ltd, an international project consultancy company, for an undisclosed sum. High-Point Rendel Ltd clients principally operate in the energy, transport and oil and gas sectors. KPMG says it has an outstanding track record in the turn round of projects suffering delays or cost overruns — which may prove useful because its 35 staff are joining KPMG's Major Projects Advisory team, which has advised on large scale infrastructure projects including the much derided HS2 Limited. The new practice will be known as KPMG-HPR.

Clarasys joins MCA

London: Fast growing London consultancy Clarasys has joined The MCA (Management Consultancies Association).

Deloitte creates jobs

London: The Chancellor of the Exchequer, George Osborne, today announced 1200 new jobs at Deloitte, the business advisory firm, with 500 new positions in its newly opened digital business. Osborne made the announcement as he officially opens Deloitte's new technology studio in London. The firm is hiring some 4,500 people across the group up to December 2015 with 2,000 positions going to graduates and school leavers. As it expands its digital business has pledged its support to the Government's Your Life campaign, aimed at increasing the number of women studying science, technology, engineering and maths (STEM) subjects.