​SPOTLIGHT ON… INTERIM

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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With over 20 years experience in recruitment, we caught up with Karen Pitchforth, who specialises in the placement of part and fully qualified (or QBE) interim finance professionals from accounts assistants to finance directors and business consultants across the South Yorkshire region to find out more about the current challenges facing the market.

Tell us a little about your career to date.

I Joined Sharp Consultancy in 2013 and have been a recruiter for over 20 years. My first role saw me recruiting GPs into Locum appointments and from there I spent a couple of years managing a local branch of a commercial recruitment business. In 2007, I joined a national recruiter where I moved into placing interim qualified accounts professionals which has been my area of specialism ever since.

How is the current marketplace and what are your expectations for the remainder of the year?

The market is currently very busy; we are seeing a lot of opportunity for both seasoned professional interims as well as people stepping into the interim world for their first time. As confidence continues to build in the market, I would expect that this is a pattern that we will see carry on over the next 6 – 12 months.

What are the main recruitment challenges being faced in this area?

The main recruitment challenge affecting the interim market is ensuring that companies and hiring managers are in the best possible position to keep pace with the speed at which decisions are currently being made – candidates are being snapped up very quickly by employers that are able to make swift decisions.

Candidate demand is extremely high so processes need to be handled efficiently and in a timely fashion; working with someone who has an in-depth knowledge of the local market, strong candidate network and years of experience with interim recruitment will really pay huge dividends.

What can/should employers be doing to overcome these challenges?

Employers need to appreciate that at times like these, their own recruitment processes must keep pace with the market, or they will find themselves at risk of losing out on the best candidates to those who are able to be much more fleet of foot. They should also look at what they can put in place to meet the demand that we are seeing in the candidate market right now for flexibility in working hours and hybrid working.

What particular skills are currently in demand and what should candidates be doing to take advantage of this opportunity?

Within the interim market there is a real wide range in terms of the skills which are in demand, however I am seeing a much greater number of longer-term contracts being offered compared to recent years. This is extremely encouraging and can offer candidate who may have found themselves unexpectedly seeking out new opportunities and may not have previously considered an interim role, another strong option to consider in their job search.

Can an interim appointment support companies struggling with making a permanent appointment in the current market?

Absolutely. The current high-level demand for quality candidates can often see considerable pressure applied to the recruitment processes for permanent roles and the need to have somebody in place quickly. However, finding the ideal candidate can take time and, where workload demands are such, interim support can remove that pressure by ensuring that the role is suitably covered and allow a thorough process to take place in order to find the right permanent appointment.

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.