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The Latest Breaking News from Deloitte

Back-to-school spending is expected to fall for the first time in 9 years, a $3 billion hit to the economy, survey finds

Deloitte projects an average spend per child of $597, compared to $661 in 2022 and $612 in 2021.

Fortune

It's back-to-school shopping time, and everyone wants a bargain

Spending on back-to-school supplies is predicted to decline this year, for the first time since 2014. With inflation top of mind, parents and teachers are looking for ways to save money.

WEKU

Afternoon Update: RBA cuts number of meetings; wastewater exposes cities’ drug habits; and an algorithm creates the ‘best’ expletive ever

Reserve Bank governor Philip Lowe says the change will allow more time to examine key issues in detail

The Guardian - AU

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Partners and staff at Australia’s big consultancy firms sacked for misconduct including sexual harassment

Senate inquiry told about firings at KPMG, Deloitte and EY in wake of tax scandal at PwC

The Guardian - AU

KPMG and Deloitte refuse to join PwC in banning political donations in Australia

Analysis finds PwC, Deloitte, KPMG and EY donated $4.3m to Labor and the Coalition over the past decade

The Guardian - AU

How 'above average' CFOs can double the value of their company in under six years

Finance chiefs can create a clear value-creation thesis that gets stakeholders on board, according to Deloitte.

Fortune

Crikey and The Mandarin’s ‘revolving door’ list: how power bleeds between politics and the big four

Keep track of the major players moving between politics, the public service and the major consulting firms with our rolling list.

Crikey

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Millennial and Gen Z employees are rejecting assignments, turning down offers, and seeking purpose. Here's what they expect of their employers, according to Deloitte’s latest survey

Nearly 4 in 10 respondents said they have rejected work assignments due to ethical concerns–and more than a third have turned down employers.

Fortune

Employees think managers' bonuses should be tied to well-being metrics

Most workers believe employers should publicly release well-being reports to better hold leaders accountable, according to a report from Deloitte.

Fortune

‘Corrosive impact’: calls to ban political donations from Australia’s big four consultancies after PwC scandal

The firm along with Deloitte, EY and KPMG donated $4.3m to Labor and Coalition in past decade as government contracts increased by 400%, analysis shows

The Guardian - AU

Consultant watch: opioid enabler McKinsey gets to write the script on scripts

Among the tens of millions raked in by consultants in June, McKinsey stands out for using its experience in the US opioid epidemic in Australia.

Crikey

Scottish economy 'more resilient than expected'

However, the longer term forecast is for fragility over the next couple of years

Insider UK

Employees are feeling a lot of negative emotions at work, but C-suite execs and managers have no idea because they’re struggling too

There’s a stark mismatch in how C-suite execs believe their employees are faring, and the reality.

Fortune

Survey: Younger Viewers Demand More Immersive Sports Coverage

Younger fans are pushing sports viewing into an “era of immersive sports” that could benefit streaming services according to Deloitte’s survey

TV Tech

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The Canberra Times

ACT abandons 'deficient' HR project after spending nearly $76m

No single person was accountable for the project, a review found.

Birmingham Post

Urban Splash fund strikes deal worth up to £40m with Barclays

Over the last year, the fund has expanded its portfolio by more than 30%

Birmingham Post

Manchester Airports Group, Deloitte and Bibby Financial Services: The 45 latest North West hires and promotions

BusinessLive rounds up the latest hires and promotions across the North West

Birmingham Post

People on the move: key appointments and promotions of the week

Companies featuring in this week's round-up include

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Chronicle Live

Benefits of Premier League promotion laid bare as Sunderland aim to rejoin elite

The financial incentives of promotion to the top flight have been laid out by financial experts

Leeds Live

Leeds United given reminder of Championship desperation amid 'cliff edge' warning

Wage figures show just much Leeds United's newfound rivals are willing to gamble on the promised land of the Premier League

Fortune

CFOs were anxious about recruiting and retaining talent last year. Now they have a new top worry

This quarter, CFOs are even more cautious regarding taking greater risks.

Birmingham Post

Deloitte appoints first female senior partner for Wales and South West

Lizzie Hill is the first woman to hold the role locally

The Independent UK

Championship clubs’ wage bill exceeds revenue for fifth year running – report

Second-tier clubs’ wages-to-revenue ratio was an astonishing 108 per cent.

Creative Bloq

Why sound is more important than ever in branding

We talk to Amp CEO Michele Arnese about the world of sonic branding.

Fortune

America has failed millennials so badly they're turning to $1,000-per-month side hustles to make ends meet

Combating inflation means taking on a side hustle for two in five U.S. adults. Gen Z and millennials are the most likely to have one.

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