Marco Amitrano, the current Chair of PwC UK, has been appointed Business Co-Chair of the Professional and Business Services Council (PBSC). This significant appointment places him in a key position to influence policy and strategy for a sector that forms a cornerstone of the UK economy. He will co-chair the council alongside Minister for Industry and Economic Security, Nusrat Ghani MP, bringing a wealth of industry experience to the role.
The Professional and Business Services Council is a collaborative body established by the government to bring together leaders from professional services firms, government representatives, and other stakeholders. Its primary objective is to advise on policies that support the growth, competitiveness, and innovation within the professional and business services sector. This encompasses a wide array of industries, including legal, accounting, consulting, and architectural services, all of which are crucial for the broader economic landscape.
The professional and business services sector is a major contributor to the UK's Gross Domestic Product (GDP), accounting for approximately 13% of the total economic output. It also provides employment for over 5.5 million people across the country, highlighting its importance not just in terms of economic value but also in job creation and skilled employment. The sector is a significant exporter of services, generating billions in revenue annually through international trade, further solidifying the UK's position as a global hub for professional expertise.
In his new capacity, Mr. Amitrano will be tasked with working closely with the government to identify opportunities for growth, address challenges such as skills shortages and technological disruption, and ensure the UK remains an attractive location for these businesses. His background as the leader of one of the 'Big Four' professional services firms provides him with unique insights into the operational realities and strategic needs of the sector. The council's work will be vital in navigating the evolving economic landscape, including post-Brexit trade agreements and the accelerating pace of digital transformation.
The appointment comes at a time when the UK economy is seeking pathways for sustainable growth and enhanced productivity. The professional and business services sector, known for its high-value jobs and innovation, is seen as central to achieving these objectives. Mr Amitrano's leadership will be instrumental in fostering a strong partnership between the public and private sectors to unlock the full potential of this vital industry.
Source: Professional and Business Services Council