WHAT TO CONSIDER BEFORE MAKING A MOVE

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. Contact Us

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“We would like to offer you the role.” After a nerve-wracking interview, they are the words every candidate wants to hear. But before accepting a new position, what are the final few things that you should you consider, to ensure that this career move is the right one for you?

The research and preparation work that you did in applying for the role should have given you a good insight into whether this move would help you achieve your career goals. And the interview was as much of an opportunity for you to decide if this is a company you would like to work for as it was for the employer to assess if you were the best candidate for the vacancy.

Making the decision to accept a new role is not one that should be taken lightly; there are several factors to consider before writing your letter of resignation.

Take a step back. Remember why you started your job search in the first place. Were you looking for a new challenge? Did you want additional responsibilities? Had your personal circumstances changed and you were looking to relocate? By focusing upon what prompted you to consider making a move will help determine if this new role addresses those key areas.

Look ahead. Take into account your longer-term ambitions and assess how this role will help achieve them. Will there be further opportunities for progression within the organisation? Is there scope for promotion within your new department and what training will be provided to help you? Could you gain valuable experience that will stand you in good stead for a future move?

Money, money, money. Salary is one of the biggest decision-making factors; more often than not, you will be hoping for an increase in your pay but have realistic expectations, taking into account the current market conditions and any variations between locations. Make sure you consider the overall package being offered and determine what ‘value’ perks and benefits such as pension contributions, holiday entitlement, flexible working, and subsidised gym membership hold for you.

Location, location, location. If you are used to working in the centre of town, consider what differences you might find working on an out-of-town business park? Similarly, if your new employer is based in the city centre, what will that mean in terms of a daily commute? Are there good bus or rail links? What will the traffic be like and is there plenty of parking available? Is the commute one that you will be prepared – and can afford – to do every day?

Being part of the team. You spend a large proportion of your time at work, so it is vital that the environment and culture is one which suits your approach and personality. Sharing the company’s values and vision is key and gelling with other team members will be essential in allowing you to perform in your role to the best of your ability. You need to have a good rapport with your manager, peers and those you will be responsible for – can you work with these people, will you learn from them, do they motivate you, can you inspire them to get the best results?

Work life balance. If you have spent a large proportion of the last 18 months working from home, if your new role will be primarily office based, how do you feel about that? Likewise, if you are keen to spend more time working alongside your colleagues in an office environment, what provisions are in place with your new employer? Do you have the opportunity to shape your working week in a way that enables you to have more flexibility about when and where you work? And how would the organisation’s approach to flexible working impact on your ability to familiarise yourself with the company and your team and enable you to perform fully in your role?

Sharp Consultancy specialises in the recruitment of temporary, interim and permanent finance and accountancy professionals. With offices in Leeds and Sheffield our highly experienced team of consultants recruit for positions throughout Yorkshire and beyond. CONTACT US today to find out more.