Navigating the UK Consulting Market: Political Influences, IR35, and ESG Impact
Heath Gascoigne, MBA
Founder of HOBA TECH | Business-?????? Digital Transformation for Business Executives, Business Leaders & Business Transformators
The consulting market in the UK is currently undergoing significant transformations driven by various political forces.
Recent European elections, the upcoming French election, and the UK election scheduled for July 4th are all poised to reshape the landscape.
For business transformation professionals, leaders, managers, and consultants, understanding these changes is crucial for staying ahead in a dynamic environment.
This blog post delves into the potential impacts of these political events on the consulting market, highlighting key areas of change and the importance of adaptability.
Heres what we’ll cover (click the links to skip to the section below):
NB – Click to expand images ??
Table of Contents
Read on to discover how these political events could affect your consulting projects, what changes to expect with IR35, the rising importance of ESG, and how to prepare for future opportunities. Stay informed and ready to adapt to thrive in this evolving landscape.
Political Landscape and Its Impact on Consulting Projects
Political changes often lead to shifts in government policies, which in turn affect consulting projects tied to specific portfolios.
The recent European elections and Macron’s struggles in France signal potential changes in policy directions across the continent.
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In the UK, the upcoming election on July 4th is particularly critical.
A change in government would likely result in a reshuffle of ministers, portfolios, and projects.
This reshuffle means that some projects may be scrapped, others put on ice, and new initiatives launched.
Research indicates that such political shifts lead to a period of reorganisation and uncertainty.
According to a study by the Management Consultancies Association (MCA), political uncertainty is a significant factor influencing the demand for consulting services.
The business community is well aware that post-election periods often involve policy reviews and strategic realignments, impacting ongoing and future projects.
Key Areas of Change: IR35 and Its Impact on Freelancers
One of the most contentious areas likely to face significant change is the IR35 legislation, which governs the tax status of independent contractors.
Read on for more.
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