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Big 4 under attack

PwC is being sued for alleged racist bullying and E&Y is getting flake for its £3.2m fees in the Zavvi administration. The big firms are always vulnerable to being the news rather than making it, but sometimes they do seem to shot themselves in the foot. Deloitte, for instance, went bold into the political areana recently saying interest rates should stay at 0.5% until the end of 2011. Apparently Deloitte believe the huge government debt will have to be cut by increasing taxes and cutting spending and this will lead to rising unemployment. This is the same Deloitte that, if the papers are to be believed, had someone ‘on secondment’ with the Tories when they felt they would be better served if they worked even closer with them! Ex-Deloitte worker Chloe Smith is now the new MP for Norwich North. Deloitte will obvious hope she reads their economic analysis of what needs to be done to help UK and Deloitteplc work better.