In the past year, Britain's top cost consultants have been through the wringer. Most firms have cut staff by 10-15% and all have carried out one arduous round of cost cutting after another. At the same time, clients like Tesco have imposed hefty fee cuts, Dubai has turned into the land that accounts payable forgot, and the public purse is as empty as a politician's promise. Oh, and then there's the question of reinventing the whole notion of what a QS is and does once the recession is over.
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