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Economic Outlook Roundtable: What Yorkshire’s Finance Leaders Are Saying About Growth, Hiring and the Road Ahead

Senior finance professionals from across Yorkshire recently joined Sharp Consultancy for an exclusive roundtable discussion featuring an economic update from Paul Mount, Economist and Deputy Agent at the Bank of England. The session provided a timely, in-depth look at the UK’s economic landscape — followed by a candid conversation about what businesses are experiencing on the ground.The picture that emerged was one of cautious realism. While official forecasts point to easing inflation and a gradual return to stability, many organisations across the region continue to navigate weak demand, rising labour costs, tightening legislation and stalled investment projects. Yet despite these pressures, there remains a strong sense of resilience and adaptability — qualities that have long defined the Yorkshire business community. At Sharp Consultancy, our specialist finance and accountancy teams speak daily to employers and professionals across commerce, industry, public practice and the not-for-profit sector. What we heard in this session closely aligns with the insight we gather from clients and candidates across the region. Below, we explore the key themes shaping business confidence, recruitment activity and the outlook for 2026. ​Inflation Is Easing, but Confidence Has Yet to Follow The Bank of England outlined its latest central forecast: Inflation expected to gradually return toward the 2% target. GDP growth set to remain modest but stable through 2026. Interest rates anticipated to settle around 3.5% based on market expectations. Unemployment projected to hold near 5%. However, the sentiment in the room was clear: despite improving headline numbers, confidence across most sectors remains fragile. Many organisations described the environment as “flat” — not contracting, but unable to capitalise fully on opportunities due to economic uncertainty. Sharp Consultancy continues to see this play out: businesses are stabilising rather than expanding, focusing on cash management, operational efficiency and carefully controlled hiring. ​Labour Costs Continue to Reshape Workforce Strategies Wage pressures were a recurring theme throughout the discussion. Employers highlighted: Significant increases to the National Living Wage. Higher employer National Insurance contributions. Expected future changes to minimum wage equalisation for younger workers. Rising cost and complexity associated with apprenticeships. These factors are pushing up costs at every level of the workforce and reshaping recruitment behaviours. Across Sharp Consultancy’s accountancy and finance divisions, we are seeing: Strong demand for replacement hires where roles are business critical. Lower volumes of growth hires, particularly in commercial and project-focused appointments. Clients increasingly prioritising candidates who bring breadth, adaptability and long-term value. ​Construction & Infrastructure: Capacity Under Pressure Leaders from the construction sector painted a challenging picture — one mirrored by many Sharp Consultancy clients operating across the wider built environment. Key themes included: Planning delays of 9–10 months, particularly related to the Building Safety Act. Businesses holding on to workforce capacity despite reduced margins — a strategy that may not be sustainable in 2026. Difficulty justifying new capital expenditure under IFRS when future cashflows are uncertain. Concerns that smaller subcontractors may not withstand prolonged delays or reduced demand.Yet, attendees also highlighted that construction could become a catalyst for economic recovery — provided policy reform and planning improvements unlock stalled projects. ​Manufacturing: Rising Costs and Shifting OperationsLeaders representing manufacturing shared concerns around: Rising energy and operational costs. Increased frequency of site closures and offshoring. Significant challenges in attracting engineering and technical talent. Early signs of contraction in several sub-sectors, with aerospace a notable exception. These pressures reinforce the growing importance of finance leaders who can model scenarios, manage volatility and guide long-term planning — roles Sharp Consultancy continues to support across the manufacturing landscape. ​Charity & Public Sector Organisations Facing Acute Strain For organisations reliant on local authority funding, the challenges are particularly stark. Attendees reported: Government and council funding caps. Rising NI, wage costs and VAT changes adding millions to annual budgets. Increasingly complex consultation requirements under forthcoming employment legislation. The likelihood of significant cuts to the frontline services in the months ahead.Sharp Consultancy’s continues to work closely with organisations navigating these pressures, supporting clients through restructuring, recruitment challenges and financial planning needs. ​​​Recruitment Outlook: Stability Over Expansion Across sectors, the message was consistent: 2026 is expected to be cautious, steady and focused on maintaining capability rather than expanding headcount. Attendees forecast: Workforce levels remaining broadly flat. Hiring driven by essential replacement roles. Transformation, M&A and large-scale project hiring likely to remain subdued. Improved recruitment confidence only once interest rates and policy direction stabilise. For employers, this means sharper competition for high-quality finance talent — an area where Sharp Consultancy’s specialist teams continue to provide targeted, market-led support. ​What Comes Next? A Slow but Steady Rebuild Despite the challenges discussed, the roundtable ended on a constructive note. Many leaders believe that once interest rates settle and stalled investment begins to move, the region could see a more meaningful upturn — potentially from 2026 onwards. Yorkshire businesses have proven time and again that they are resourceful, resilient and ready to adapt. Sharp Consultancy remains committed to supporting them through every stage — whether stabilising teams, recruiting future leaders, or navigating the next phase of growth. If you’d like to understand what these economic trends mean for your business or team, speak to our specialist consultants for a confidential market discussion. ​Contacts Us​

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Starting a New Job Remotely: How to Get it Right

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As remote and hybrid working models become increasingly commonplace, the way businesses welcome new employees has had to evolve. For professionals in finance, accountancy, and recruitment, starting a role remotely brings unique challenges—but also opportunities to rethink and refine the onboarding experience.

A structured induction process is more important than ever. It not only helps new starters feel supported and informed from day one, but also ensures they can quickly integrate into the team and begin contributing effectively—regardless of location. Whether you’re onboarding a new recruit or stepping into a role yourself, this guide outlines practical steps to help create a smooth and confident start in a remote working environment.

A laptop and a cup of coffee on a desk, creating a cozy work-from-home setup.

Maintain a Structured Induction Process

As businesses adjust to new ways of working, many new employees are beginning their roles remotely. Whether you’re joining a company or welcoming a new recruit in the finance, accountancy, or recruitment sector, it’s important to approach those first few days with structure and clarity.

While the situation may be unusual, employers should still aim to follow their standard induction process as closely as possible:

  • Send welcome documents in advance so the new employee can read up ahead of their first day.

  • Create an introduction schedule so they can ‘meet’ key team members via video calls (Zoom, Google Meet, etc.).

  • Provide all login credentials and user guides they will need, including a list of useful contact numbers or emails for support.

  • Share key dates and meeting times and arrange regular check-ins during the first week to address early questions or concerns.

  • Prepare a simple “how we work together” guide that explains preferred communication channels, report formats, and working expectations.

Tips for New Employees Starting Remotely

Starting any new job can be daunting—especially in finance and accountancy roles where attention to detail and process matters. Doing so remotely can add extra pressure, but with the right approach, it can still be a smooth and positive experience.

Here’s how to prepare for success:

  • Make a great first impression – dress smartly, set up a quiet and professional workspace, and be ready at your desk on time.

  • Plan your day – consider whether you need to adjust your regular working hours and discuss these with your line manager early on.

  • Review your induction materials and write down any questions before your first video or phone calls.

  • Test your login credentials and familiarise yourself with the systems, software, or platforms you’ll be using.

  • Clarify expectations – ask your manager what’s expected from you and agree on a communication plan to report on progress.

  • If managing a team, make early contact with each person, understand their current workload, where your support is needed, and how you want updates to be delivered.

Conclusion: Build the Foundations for Long-Term Success

Whether in accountancy, finance, or recruitment, starting a job remotely doesn’t need to feel disconnected. With a structured induction, open communication, and proactive planning, both employers and new employees can build strong working relationships from day one. By investing in a smooth onboarding experience, businesses can create confident, productive teams—no matter where they’re working from.

Sharp Consultancy is a specialist finance and accountancy recruitment partner for businesses across Yorkshire and the North East Midlands. With a deep understanding of the local market and access to a network of high-calibre professionals, we help organisations secure the talent they need to succeed. If you're looking to strengthen your finance team, FILL OUT THIS FORM or give us a call (0113 236 6300 / 0114 261 1700) speak to one of our expert consultants today and find out how we can help.