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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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INTERVIEW MISTAKES THAT YOU DON’T WANT TO MAKE

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A job interview can be a nerve-wracking experience and it can be all too easy to come out of the meeting and feel that you have blown your opportunity. There are some common interview mistakes which are easy to make, but thankfully, when you know what to look out for, straight-forward to avoid.

Here are our top five interview trip hazards and our suggestions for how not to fall foul of them:

1.Lack of preparation

The single biggest mistake you can make is a lack of preparation ahead of the big day. It is vital that you do plenty of research into both the job role and the company and there is a wealth of information that can be found by looking at websites, social media platforms and LinkedIn profiles of current employees. It is also essential that you fully familiarise yourself with your CV, understand how your knowledge and experience matches the key criteria outlined in the job role description and review answers to questions that you are most likely to face. And do not overlook some basic preparation steps; make sure that you know when and where your interview will take place, check your journey time if it is in person or ensure that you have the correct log in details and set up if it is to be held remotely.

2.Not being confident

It is important that you demonstrate confidence in your interview and convince your would-be employer that you are absolutely the right person for the role. Ensure that you come across in the right manner – you do not want to appear arrogant or that you believe the job is already in the bag. Communicate your confidence not only in the answers that you give but also through positive body language such as eye contact and appearing enthusiastic and engaged in the conversation.

3.Being dismissive of your current role or employer

It is understandable that you are looking for a new role because you are unhappy with at least some aspects of your current position whether that is lack of promotion or progression opportunities, a poor relationship with your line manager or desire of a better salary package. However, it is important that you take a positive approach and communicate your reasons for seeking a new role in a professional manner.

4.Not selling yourself strongly

It can be difficult to strike the right balance between demonstrating your suitability for the role and coming across as a bit of a know-it-all. One of the biggest failures is leaving the interviewer unsure about what your personal contribution is to a particular project or success – an easy way to rectify this is to make sure that you use the word ‘I’ rather than ‘we’. However, make sure that you clear on what part you did play and do not try to take credit for work that you had little or no involvement with – a small amount of careful probing from an astute interviewer could soon see you come unstuck!

5.Failing to make a lasting impression

It is important you stand out from the crowd (for the right reasons!) and when interviewers are faced with a decision between two of more candidates that demonstrate similar skills and experience, it can often be personality that will tip the balance in favour of one individual over another. Demonstrating that you are the right fit for a company’s culture and values as well as the team you would be joining is just as important as showing that you have the technical attributes needed for the role. Be sure to let your personality, as well as your experience, shine through.

Sharp Consultancy specialises in the recruitment of temporary, interim and permanent finance professionals. With offices in Leeds and Sheffield our highly experienced team of consultants recruit for positions throughout Yorkshire and beyond. CONTACT US today to discuss your recruitment needs with a member of our team.