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Recruitment to become the key for unlocking growth and potential across businesses in the North West.

REGIONAL SNAPSHOT

The North West, with counties in Cheshire, Cumbria, Greater Manchester, Lancashire, and Merseyside, has a broad industry base with a vibrant mid-market. The region represents approximately ten per cent of all UK businesses of which nearly half are based in the Greater Manchester area.

Despite all the economic disruption caused by the pandemic, global uncertainty and rising inflation, local businesses have remained optimistic throughout and shown true resilience by continuing to respond quickly and reassess their business plans. The North West is also well supported by a developing infrastructure which currently includes fourteen ports, two airports and a strong rail and road network. The creation of the Liverpool Freeport area will bring further opportunities for infrastructure investment and wider regeneration post 2022.

BDO RESEARCH HIGHLIGHTS

As businesses seek to support staff through the cost of living crisis over the next six months, 59% of companies in the region plan to raise salaries by 4-8% and a further 26% will consider pay hikes of 9% or over in line with current inflation rates.

These findings come from our latest Rethinking the Economy survey of 500 mid-sized businesses, which has also revealed that nearly half (47%) of mid-sized businesses in the North West said supply chain issues are the biggest threat to business success over the next six months, with a further 35% most concerned about the record levels of inflation.

38% of businesses in the region have also been forced to increase the prices of goods and services as they continue to tackle inflation and rising costs, with the same percentage also pausing their international expansion plans.

Read more on our Rethinking the economy findings here.

Latest Insights

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Plastic Packaging Tax begins

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Investment is one of the cornerstones of growth, whether that’s investment in people, investment in funds, investment in ideas – spending more time and money to enable growth is non-negotiable.

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The R&D question looms large for North West businesses

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National Minimum Wage – a guide for 2022

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Read about the latest changes in NMW legislation.

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The talent struggle in the North West

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After a record-breaking year, what lies in store for North West manufacturers?

December 2021
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National Minimum Wage - what should your latest considerations be?

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Key reminders for employers to consider following recent changes in NMW legislation.

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How to drive your exports to deliver profitable international sales & long term success

October 2021
We explore tips for Food and Drink manufacturers reaching out to new export markets.

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People powered business – empowering and engaging teams for long-term success and succession

December 2021
1/3 of North West companies plan to improve staff remuneration packages to aid retention & recruitment and will make this their number one tax priority in 2022.

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Post-Brexit Customs Duties – HMRC clamps down on non-compliance and inaccuracies

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HMRC clamps down on non-compliance

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September 2021
Why is R&D Tax Relief changing?

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North West businesses looking towards private equity funding for growth

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COVID-19 government measures lifting - are you ready?

September 2021
Following the Government’s decision to taper and end the COVID-19 support measures, we have designed a practical tool to help you decide on your next steps.

Are you ready?

 

The impact of the NIC Increase for Northern business

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On Tuesday 7 September 2021, the Government announced that from April 2022 NIC will go up by 1.25% with the introduction of the ‘Health and Social Care Levy’.

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Staff shortages & employee confidence threaten business growth

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Staff shortages may curb the growth of North West businesses, as mid-sized companies struggle to fill roles as a result of the pandemic.

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The impact of remote working on business health and local economies

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James Garside lifts the lid on how changing working models are impacting the North West counties & the state of businesses within them.

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The future of IHT - Are you prepared?

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International remote workers: a taxing problem

April 2021
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Looking ahead in VAT and Indirect Tax

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North West innovation to drive recovery

May 2021
As businesses rethink their own priorities and investments, this will start to reshape the region’s economic recovery.

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Rethinking how to attract and retain an engaged workforce

March 2021
A guide to help you rethink your approach to rewarding your employees.

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Milexa Group

Building a global brand with a laser focus on sustainability and customer experience.

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Rethinking the Finance Function of the Future

Helping you maximise productivity from your finance function.

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Explore our North West Insight archive

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North West Culture Report 2022

To learn more about the culture of BDO in the North West, please download our North West Culture report providing an insight into our people and their careers as well as why we are the 'best firm in town'.

Read our culture report

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