Economic Impact Assessment of Tata Consultancy Services in the UK

This report presents an economic impact assessment of Tata Consultancy Services (TCS) in the UK for the financial year 2023/24. It evaluates TCS's contribution to the UK economy, estimating a total contribution of £3.3 billion to the gross domestic product (GDP). This figure is derived from three impact channels: a direct contribution of £1.7 billion from TCS's operations, an indirect contribution of £350 million from procurement spending, and an induced contribution of £1.2 billion from wage spending. The report also indicates that TCS supported approximately 42,700 jobs across the UK, with 22,200 directly employed by TCS. The analysis reveals that for every 100 jobs at TCS, an additional 90 jobs were supported throughout the economy. Furthermore, TCS contributed over £780 million in taxes to the UK Exchequer, with £360 million coming directly from the company. The report outlines the methodologies used for this assessment and emphasizes the significant economic footprint of TCS in various sectors.