ICAEW Insights In Focus: Surviving the cost-of-doing-business crisis

In this Insights in Focus episode, we discuss the major challenges facing UK businesses, including energy costs, recruitment and retention of staff, and wage inflation.    Recent headlines haven’t made easy reading. A recession looms, inflation continues to rise, and sterling plunged following the ‘mini-Budget’ on 23 September. Understandably, businesses are nervous. ICAEW’s Business Confidence Monitor for Q3 2022 found business sentiment turning negative for the first time since late 2020. Businesses in all sectors and regions reported a ‘cost-of-doing-business’ crisis.To explore what comes next, host Philippa Lamb is joined by Simon Gray, ICAEW Head of Business, and Katy Davies, Managing Director at manufacturer CamdenBoss.LinksICAEW inflation hubhttps://www.icaew.com/technical/economy/inflationICAEW energy crisis hubhttps://www.icaew.com/technical/economy/energy-crisisICAEW Business Confidence Monitorhttps://www.icaew.com/technical/economy/economic-insight/business-confidence-monitor-nationalICAEW analysis and reaction to the mini-Budgethttps://www.icaew.com/technical/Economy/fiscal-event-september-2022 HostPhilippa LambGuestsSimon Gray, Head of Business, ICAEWKaty Davies, Managing Director, CamdenBossProducerNatalie Chisholm Episode first published: 6 October 2022Podcast recorded: 29 September 2022

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