October 31, 2020

Number of the Day: £44 Million

That is how much the Big 4 firms have been paid to advise the U.K. government on its response to the coronavirus pandemic, according to the Financial Times.

In comparison, the three biggest consulting firms—McKinsey, Bain, and Boston Consulting Group—were awarded contracts worth £9.5 million.

According to FT:

A total of 106 contracts worth £109m have been agreed between various government departments and consulting firms such as PwC, Deloitte and McKinsey since March, as civil servants scrambled for support to source personal protective equipment, set up test and trace programmes and acquire thousands of new ventilators as the pandemic gathered pace.

Apparently the Queen’s PwC was awarded 11 contracts worth nearly £21 million—the most of any professional services firm—including to advise the British Business Bank on its coronavirus business interruption loan scheme.

Deloitte was contracted to manage PPE procurement for hospitals and supporting testing sites, but there were problems.

UK spending on coronavirus consultants tops £100m [Financial Times]

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