Motion Photo 3641488939875278534

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​

Read article
Blog Img

How Long Is Too Long in One Job? What Employers Really Think

Back to Blogs

It’s a classic career dilemma: How long is too long to stay with the same employer? While loyalty and commitment are generally seen as positive traits, remaining in the same job for many years can sometimes raise red flags with potential employers.

At Sharp Consultancy, we frequently support finance and accountancy professionals across Yorkshire and the North of England who are navigating career moves after long tenures. Here's how to approach this topic with confidence and turn your loyalty into a strength during the interview process.

The Double-Edged Sword of Long Tenure

Hiring managers value candidates who are loyal, reliable and committed—but they may also question why you haven’t pursued new opportunities. Concerns could include:

  • Are you too expensive due to incremental pay rises over time?

  • Do you lack ambition or drive?

  • Are you resistant to change or new ways of working?

    white cartoon figure man walking up a 'career ladder'
  • Can you adapt to a new company culture or team environment?

If you’ve stayed with one employer for an extended period, it’s essential to shape the narrative around your career progression, relationship-building skills, and professional development.

1. Highlight Your Career Progression

Just because you've remained with one company doesn’t mean your role has stayed the same. In fact, long service often provides greater opportunities for growth and responsibility.

Be prepared to show how you’ve:

  • Progressed from one role to another (e.g. from Management Accountant to Finance Manager)

  • Taken on additional responsibilities and leadership roles

  • Contributed to business growth, team expansion, or strategic changes

These are valuable experiences that demonstrate you are capable of evolving and thriving in different circumstances.

2. Demonstrate Strong Relationship Building

Long tenures often mean deep-rooted professional relationships—both internally and externally.

Emphasise your ability to:

  • Build long-term professional relationships

  • Collaborate effectively with cross-functional teams

  • Maintain and expand valuable networks in the industry

Strong relationship-building is a crucial skill in finance roles, particularly for positions such as Finance Director, Financial Controller, and Commercial Accountant.

3. Tackle the Salary Question Tactfully

One concern employers may have is that a long-serving candidate might be either:

  • Overpaid, making them unaffordable for a new role

  • Underpaid, raising questions about their perceived value or negotiation skills

Explain any regular salary increases you’ve received in the context of performance and promotion. If you believe you’re underpaid, ensure you have well-reasoned, market-informed justifications for your desired compensation—consider using tools like our Sharp Consultancy Salary Survey to benchmark your worth.

4. Share Your Aspirations and Career Goals

Employers want people who are motivated and aligned with their company's vision. Show that, even while staying in one role or company, you have continually set and met personal career goals.

Explain:

  • What your long-term aspirations are

  • Why now is the right time to seek a new opportunity

  • How the new role aligns with your career trajectory

Demonstrating ambition is particularly important when applying for leadership finance roles.

Reframe Loyalty as Strategic Stability

Instead of viewing a long tenure as a negative, frame it as a demonstration of:

  • Resilience in a challenging economic or sector environment

  • Loyalty to a company that provided career growth

  • Commitment to team success and long-term project outcomes

Employers are increasingly aware of the value of experienced professionals who bring institutional knowledge, strategic thinking, and long-term planning capability to the table.

Ready for a New Opportunity? Let’s Talk

At Sharp Consultancy, we’ve helped thousands of professionals in accountancy and finance make their next move—whether it’s after 2 years or 20. Our expert consultants specialise in placing candidates in temporary, interim, and permanent roles across Yorkshire and the North.

Looking for your next career move in finance or accountancy? At Sharp Consultancy, our expertise lies in matching your potential with the perfect temporary, interim, or permanent position. With a well-established presence in Leeds and Sheffield, our seasoned team of consultants extends their services across Yorkshire and beyond. Don't wait for opportunity to knock, reach out to us TODAYand let's chart your career path together.