The Great Resignation Turns Into Great Stagnation for Big Four

It was dubbed the Great Resignation as an army of workers quit in search of higher pay, better hours and more attractive perks. The UK’s largest consulting firms were among the worst hit as staff hunted down new roles when Covid lockdowns began to ease.

Now, Britain’s accountants, auditors and advisers are clinging to their jobs, nervous that their negotiating power has sharply dropped.

“The great resignation has turned into a mindset of staying put while the global economy sorts itself out,” said Francesca Lagerberg, CEO of Baker Tilly International Ltd.

She said MHA, Baker Tilly’s UK accountancy arm, ...