Professional Services group

16 March 2009

The Professional Services Global Competitivness Group (PSGC) has published its report into the medium and long-term challenges facing professional services in the UK.

The group was set up in September 2008 to look at issues affecting the Professional Services sector. It is co-chaired by the Financial Services Secretary Lord Myners and Sir Michael Snyder, Senior Partner at Kingston Smith LLP.

The findings will be reported to the Chancellor's High-Level Group on City Competitiveness, which will meet later this year. The analysis will enable the High-Level Group to prioritise the challenges for the UK-based Professional Services industry and related public policy challenges.

The group’s report outlines a number of areas of focus for the Government, the professional services industry and professional bodies, to ensure that the sector remain competitive, including:

The role of professional services firms in setting global standards and promoting good corporate governance
Raising skills levels across the economy, to the benefit of both professional services firms and their client companies
Combining a tradition for quality and expertise with flexible working practices to deliver innovative products and services
The UK's continued attraction as a global headquarters for international professional services firms
Seeking opportunities for synergies with other major professional services centres, particularly in emerging markets
Continuing to develop an open and constructive relationship with government.

The report is available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.

Professional Services Global Competitiveness Group report (PDF 628KB)

Professional Services group

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