The Daily Telegraph

Deloitte shuns London as it hires 1,000 outside capital

- By Simon Foy

DELOITTE is creating at least 1,000 new jobs outside of London as it joins a rush of City firms expanding beyond the capital.

The “big four” firm will add the new roles in Northern Ireland, Scotland, Wales and the north of England over the next five years in a boost for the country’s regional economies.

The move is part of a wider £220m investment that will see the firm create about 3,500 jobs in its consulting division by 2027.

A growing number of City firms are looking to expand their footprint outside of London as wages in the capital soar.

Last week, Goldman Sachs said it was preparing to sign a 10-year lease for an office in Birmingham that can hold up to 800 staff. The Wall Street giant currently uses Wework offices in the city and has just 230 staff. Citigroup is poised to hire 400 more staff in its Belfast office, which employs 3,700 people and is the city’s largest financial services employer.

The push into regional economies comes as ministers also move officials out of London.

The new accounting watchdog is going to be based in Birmingham, while the Treasury is moving more than 1,000 civil servants to Darlington, County Durham, after the town fended off competitio­n from rivals Leeds and Newcastle for a new campus for the department.

Anne-marie Malley, head of consulting at Deloitte UK, said: “We are responding to client demand by growing our headcount rapidly over the next few years, starting with a record graduate and apprentice intake this year.

“We plan on meeting these targets through a combinatio­n of organic growth across the UK and acquisitio­ns.”

Last week, Deloitte posted record revenues on the back of a boom in tech consulting. The firm reported revenues of $59.3bn (£51.5bn), a jump of nearly 20pc on the previous year.

Ms Malley added: “We are committed to creating thousands of new jobs in the UK to support our clients across a raft of industries and subsectors, with at least a third of new hires coming from outside of London.”

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