EGM called by Northern Society of Chartered Accountants
19 September 2023
Notice is given that the...
The latest ICAEW Business Confidence Monitor (BCM) shows that business confidence has moved back into positive territory, its highest level for two years. Regulation and staff turnover are becoming bigger challenges for businesses.
Confidence has improved in 10 out of 11 regions, and is positive in all.
Confidence among companies based in London is still weak but is at least positive for the first time in a year, at +3.4 in Q2 2018. This may reflect increased sales growth (up 4.6% against 2.7% last year) as well as progress in Brexit negotiations. The government’s commitment that EU citizens who arrive during the transition period will have the same rights as those already here is important to the capital, which is particularly reliant on EU-born workers.
Elsewhere, in Wales business confidence is up strongly. Companies are achieving price rises of 2.1% and the proportion working below capacity has dropped to 39%, the lowest in the UK.
Meanwhile, companies in the North West seem to have gained confidence from growth in their exports; at 5.8%, the highest of any region. In contrast the East Midlands has seen only a moderate rise in confidence over the last few quarters. Weak selling price growth (1.3%) and pressure from input prices (2.8%) are likely factors, but the region is also very exposed to domestic markets, and so will have been affected by the squeeze on household incomes in 2017.
Q2 2018 ICAEW Business Confidence Monitor – downlowd the report HERE.
Northern Society of Chartered Accountants (NorSCA) represents 4,000 ICAEW members and ACA students working in business and the finance profession across the North East of England, Teesside, northern Yorkshire and Cumbria.
We have been assisting businesses in the north of England and producing chartered accountants for over 130 years.
There are over 1.7m chartered accountants around the world – talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future.
Over 149,000 of these are ICAEW Chartered Accountants. We train, develop and support each one of them so that they have the knowledge and values to help build local and global economies that are sustainable, accountable and fair.
We’ve been at the heart of the accountancy profession since we were founded in 1880 to ensure trust in business. We share our knowledge and insight with governments, regulators and business leaders worldwide as we believe accountancy is a force for positive economic change across the world.
ICAEW (Institute of Chartered Accountants in England and Wales) is a founder member of Chartered Accountants Worldwide and the Global Accounting Alliance.
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