Consulting Report | 30 Jan 2024

The Accountancy Profession in the UK and Ireland

Economic Consulting Team

Oxford Economics

The accountancy profession plays an important role in facilitating the activities of businesses in the economy. Particularly in times of fiscal uncertainty, the profession provides vital guidance to firms and individuals on financial resilience and how best to operate in a challenging business environment.

In 2022, the professional accountancy bodies of the UK and Ireland represented over 611,000 members across the world, an increase of 14% since 2017. Around 357,200 of these members were based in the UK, 44,000 in Ireland, and a further 210,100 internationally.

We estimate that the profession directly contributed £97.7 billion—or €114.3 billion—to the economies of the UK and Ireland in 2022. Furthermore, we estimate that it supported over 910,000 jobs and £11.7 billion (€13.7 billion) in tax revenues.

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The experts behind the research

Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:

Rosie Nolan

Senior Economist, Economic Impact

Jai Patel

Graduate Economist, Economic Impact

Stephen Foreman

Associate Director, Economic Impact

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