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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Job details Posted 16 January 2026 Salary 40,000 - 50,000 LocationSheffield Job type Discipline ReferenceSOD041653
Consultant
Senior Consultant
Management Accountant
Job description
Sharp Consultancy is delighted to be working exclusively with a well-established manufacturing business based in the Sheffield area, as they continue to strengthen their finance function with the creation of a new Management Accountant role.
This opportunity would suit an active ACCA or CIMA studier, or someone qualified by experience, who is keen to join a forward-thinking organisation and progress their career. You will have full ownership of the management accounts for a subsidiary within a wider group, supported directly by the Managing Director and Chief Financial Officer, with a clear long-term pathway for development.
Key responsibilities will include (but are not limited to):
Preparation of financial statements, including profit and loss accounts and monthly management accounts
Cash flow forecasting
Inventory valuation
Variance analysis and insightful commentary
Leading and developing the Accounts team, providing guidance and oversight
Standard costing and production variance analysis
Preparation of monthly and annual reporting for Group Finance to support group consolidation
Analysing financial performance and delivering insight to influence business decision-making through finance business partnering
Preparing audit information and liaising with external auditors
In this role, you will become a trusted business partner, providing financial support across the business division and the wider group.
Benefits include:
Generous salary and holiday package
Flexible start and finish times, including an early finish on Fridays
Healthcare cover
Death in service benefit
Full study support towards ACCA or CIMA (if required)
Much more
This role is ideal for a commercially driven Management Accountant seeking a position with genuine responsibility, influence over outcomes, and a clear link to business performance.
This opportunity is unlikely to be available for long. If you're looking for an outstanding Management Accountant role, apply today via the link or contact Soraya on 0114 261 1700. We look forward to hearing from you.
Sharp Consultancy is a finance and accountancy recruitment specialist assisting accounting and finance divisions of businesses in the Yorkshire and Derbyshire area. With over 30 years' experience we pride ourselves on sourcing excellent finance professionals across all divisions of an accounts function.
Candidates must be eligible to work in the UK full time without restriction. To apply please send your CV to the e-mail address stated, quoting our reference and specifying which website you saw this position advertised on. Due to the high volume of applications, we receive it is not always possible to respond to unsuccessful applicants. Therefore, if we have not responded to your application within seven days, please note that on this occasion your application has not been successful.
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