We’re over halfway through 2023, so now is the opportune moment to review your business and progress for the year.
Chances are, it’s been a tough year so far: in the 12 months to May 2023, the consumer prices index of inflation rose by 8.7% and the bank rate is 5%. A skills shortage and the cost of energy continue to hurt businesses.
However, the Institute of Directors’ (IoD) index for business leader optimism stabilised at -6 in May, much improved from the -64 we saw in November 2022.
According to the IoD’s surveys, 55% of business leaders even expect revenues to rise in the year, compared to 19% who expect theirs to fall. Another 35% expect to increase their headcount in the next year, compared to 14% who expect it to reduce.
So, with 2023 still marked by an air of uncertainty, how are you going to make sure your business doesn’t just survive, but thrives in the current economic climate?
You might be interested in...
19 Aug 2026
Agriculture and horticulture businesses are under pressure to invest in water efficiency and sustainability. Cambridgeshire growers and food producers can now apply for grants up to £50,000. Here’s what you need to know.
Learn more
Government grants to help Cambridgeshire farmers boost drought resilience
18 Aug 2026
The 2026 changes to UK GAAP and FRS 102 may seem technical, but they could have a real impact on how your business is viewed by banks, investors and other stakeholders.
Learn more
UK GAAP is changing: Why business owners should act before the numbers change
14 Aug 2026
Does your UK subsidiary need a statutory audit? Learn how group size, audit exemptions and worldwide group rules affect UK audit requirements.
Learn more
Does your UK subsidiary require a statutory audit?
13 Aug 2026
Audit exemption may reduce compliance obligations, but is stopping your audit the right decision? Explore the value independent assurance can bring.
Learn more
Should audit-exempt companies still have an audit?
13 Aug 2026
Understand the financial challenges facing independent schools, from KPIs and VAT changes to governance and long-term sustainability. Read more.
Learn more
Understanding Independent School Financial Health: A Guide for Governors
13 Aug 2026
Strong schools rely on strong governance. Discover how governors and senior leaders can work together to provide challenge, oversight and direction.
Learn more
How Independent School Governors Can Build Effective Partnerships with Senior Management