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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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A businesswoman shakes hands with a panel during her second job interview, showcasing professionalism and confidence.

Second Interview Success - How to Prepare and Impress

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Being invited to a second interview is a strong sign that you’ve made a great first impression. But it’s important not to treat this stage as a formality. Whether you're an experienced Finance Director, a Part-Qualified Accountant, or a candidate for a temporary or interim finance role, the second interview is your opportunity to stand out and confirm why you're the best fit.

At Sharp Consultancy, we work closely with clients and candidates across Yorkshire and the North of England to guide them through every stage of the hiring process. Here’s our expert advice for making your second interview count.

Understand the Purpose of a Second Interview

A second interview is rarely a repeat of the first. Employers may use this stage to:

  • Compare closely matched candidates to evaluate their experience, skills, strengths and weaknesses against the role requirements to find the better fit.

  • Involve additional team members in the decision to see how you will fit into the wider team and working environment as well as align with the company values.

  • Confirm their initial positive impression of you and gain deeper insight into how you’d perform and develop in the role over the long term.

    Illustration of two men at a table, one interviewing the other for a finance position during a second job interview.

Even if you are the only person invited back, don’t become complacent. A lacklustre second meeting can undo all the progress you've made in the previous stages.

Ask the Right Questions Beforehand

If you have used a Recruitment Consultant ask them the following:

  • How many other candidates are at this stage?

  • What feedback was provided from the first interview?

  • Are there any concerns or gaps to address?

Knowing what the employer is still unsure about can help you tailor your preparation and reinforce your suitability for the role.

Do Even More Research

Use your second interview to show deeper insight into the company, its challenges, and its culture. Go beyond the basics by:

  • Reviewing industry news or recent company announcements.

  • Understanding how your experience aligns with their business objectives.

  • Exploring how your skills could solve their pain points.

Whether the role is in Corporate Finance, Audit, FP&A, or another key area, demonstrate that you’ve done your homework and are serious about joining the team.

Stay Positive and Professional

It’s perfectly normal to feel nervous—but remember, you’ve been invited back because the employer sees potential in you. Approach the interview with:

  • Confidence in your ability to contribute to the company.

  • Enthusiasm for the role and company.

  • A mindset that this is your opportunity to confirm your fit.

Maintain a friendly, polished demeanour throughout, especially when meeting new interviewers or potential colleagues.

Build Strong Connections

In many cases, the second interview is about assessing fit—not just capability. Employers want to know:

  • Will you integrate well into the team?

  • Are you a good environment and value fit?

  • How would you handle team dynamics or client interactions?

Show emotional intelligence, professionalism, and adaptability in your responses and body language.

A man at a desk with a laptop, brainstorming ideas for a job interview, with a light bulb glowing above him.

Address Previous Interview Gaps

Use the feedback from the previous stages to reflect on how the first interview went. Ask yourself:

  • Did you fully answer every question?

  • Were there areas where your experience didn’t come through?

Prepare examples or stories to reinforce your strengths and revisit any unanswered or unclear questions—this shows initiative and reflection.

Demonstrate the Value You Bring

This is your chance to go beyond the job description. Focus on:

  • The specific challenges the company may face and how you can help overcome them.

  • Examples of when you’ve added value beyond your role.

  • Strategic or operational insights that show you think like a future team member, not just a candidate.

This approach is especially important when interviewing for senior finance roles, where hiring managers are looking for professionals who will drive change, improve performance, or deliver tangible results.

Ready to Take the Next Step in Your Finance Career?

Whether you're preparing for your second interview or hiring for your finance team, Sharp Consultancy is here to help.

We specialise in the recruitment of temporary, interim and permanent accountancy and finance professionals throughout Leeds, Sheffield, and across Yorkshire. From entry-level finance jobs to C-suite appointments, our experienced team provides expert advice and support at every stage.

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.