“Rising inflation is forcing the hand of many East Anglia businesses, with 43% of companies admitting that pressures will lead to them to implement new or use existing overdraft facilities. Unsurprisingly, more than a third say that the rising cost of living, including higher business costs combined with reduced revenues from customers cutting spending, is one of their biggest challenges in the coming months.” Peter Harrup Partner and Head of BDO in East Anglia.

REGIONAL SNAPSHOT

Serving clients across East Anglia, including Ipswich, Suffolk, Cambridge and Norwich, means we work with a diverse range of organisations across industries, we leverage our strong local expertise and knowledge as well as the breadth and depth of resources of a large global network.

BDO RESEARCH HIGHLIGHTS

According to our latest Rethinking the Economy survey, the statistics show that more than half of East Anglia businesses have only accounted for a 3-5% level of inflation in the next six months. While it’s pleasing to see that companies are factoring in rising costs, the shortfall in forecasting does raise some concern. Unsurprisingly, more than a third say that the rising cost of living, including higher business costs combined with reduced revenues from customers cutting spending, is one of their biggest challenges in the coming months.

Read more about the latest results here.

Latest Insights

A new era? Businesses feel the pressure of costs squeeze

April 2022
Agile decision-making has been key during the pandemic, in the face of a fragile economy and a constantly-changing marketplace.

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Guidebook: Building an intelligent growth strategy

Read our latest guidebook, exploring the importance of taking a data-led approach to assessing business performance & identifying key barriers to growth.

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Recruitment key for unlocking growth for East Anglia businesses

February 2022
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Are businesses in East Anglia looking towards Freeports to support future growth?

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We asked the companies in our region whether Government's introduction of regional Freeports are likely to change investment plans.

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Investing in people will power the region’s productivity and prosperity

April 2021
Sarah Elms, partner at BDO in East Anglia takes a closer look at the latest Rethinking the Economy survey and what it means in the region.

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East Anglia’s businesses pledge to invest and upskill as end of year disruption threatens to de-rail recovery

December 2021
East Anglia’s business leaders fear recruitment shortages, COVID-19 restrictions and rising energy prices will impact their end of year trading, according to our latest research.

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Businesses in East Anglia back themselves for future growth

February 2021

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East Anglia Latest videos

Our local BDO contacts delve into some of the key issues and trends in East Anglia.

Watch our latest videos

Are you ready for 2021?

Upcoming changes in VAT and other indirect taxes.

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East Anglian businesses predict sharp recovery once vaccine rolls out

December 2020

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A real boost for the East Anglian economy

December 2020

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Has the regional economic gap widened?

November 2020
Medium-sized businesses in East Anglia believe so.

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Rethinking the Finance Function of the Future

Helping you maximise productivity from your finance function.

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Glencar Construction

Tripling turnover and headcount each year.

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Total Tiles

Realising high growth through e-commerce.

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Explore our East Anglia Insight archive

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