Strong growth being recorded by accountancy firms is expected to drop off into 2009
Accountancy Age, 06 Oct 2008
The UK accountancy market is expected to grow by a rate of 7.2% this year, according to online market research site, researchandmarkets.com
Despite this, the Accountancy Market Report 2008 shows a predicted lapse in growth by 0.6% to 6.4% by the end of 2009, but it is then expected to grow at a marginally higher rate beyond that.
Consolidation activity between accountancy firms is likely, according to the report.
Despite the unparalleled dominance of the Big Four, mid-tier firms reported an increase in growth rates in 2007
Demand for tax advice has remained consistently strong year-on year and this is predicted to continue through the current economic climate.
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