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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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HOW TO CONDUCT YOURSELF DURING YOUR NOTICE PERIOD

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​Your interview has been a success and you have landed a new role. Once you have tendered your resignation with your current employer, you will need to work your notice period. It is just as important to make a good impression during your last few weeks with a company as it is to get off on the right foot in a brand-new role; take a look at our tips and suggestions on the best ways to conduct yourself during your notice period.

Understand how long your notice period is. Check your contract for details on the notice period that you will be expected to work – this may be a fixed term or increase annually based upon your length of employment. Your new employer may like you to start sooner than your notice allows but be respectful of your current company’s position and the time they will need to arrange your replacement. You may be able to use any holidays that you are owed as part of your notice period.

Gardening leave. Depending upon the role you are moving onto – if you are going to work for a direct competitor for example - your employer may place you on gardening leave for the duration of your notice period; whilst you will not actually be working during this time you are still being paid by your current company and will not be able to start your new role until after your official final employment date.

Make sure you remain professional. Maintain a conscientious approach throughout your notice period and continue to perform your role to the highest possible standards. Don’t undo several years of good work by being lacklustre in your last few weeks – make sure you leave a great last impression as you never know you may come into contact with former colleagues once again in your new job.

Uphold high standards. Continue to deliver work that is of the highest standard possible and make a full contribution to team meetings. Remain focused on key tasks and ensure that you continue to have good attendance and be punctual.

Don’t be boastful. It’s only natural that you will be excited about your new position but try to avoid bragging about it too much to your colleagues – and don’t put down your current employers, remember your peers will still be working there after you leave!

Agree your priorities with your manager. Arrange a meeting with your manager (and colleagues if applicable) to agree which tasks you should focus upon during your notice period. It may be that some projects need to be handed over to other team members so ensure that you are willing to help and offer assistance to bring people up to speed. Your day-to-day workload may decrease as you get closer to the end of your notice period so make sure you check in with your manager and continue to offer to help where you can.

Handover period. You may be asked to help your replacement get up to speed before you leave; be professional and remember that they will be as keen to impress in their new job as you will be in yours. If you are departing before someone has been recruited, try to complete any projects as best you can and prepare detailed notes so the transition is as smooth as possible.

Exit interview. Be constructive with your feedback and look share positive experiences as well as highlighting areas and offering suggestions where you think your employer can make improvements.

Your last day. You want to leave with a good reputation so make sure you remain professional to the end; take the time to say goodbye to colleagues and senior managers. You will be remembered as much – if not more - for how you conduct yourself during your final weeks with the company.

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 consultant’s recruit for positions throughout Yorkshire and beyond. CONTACT US today to find out more.