Harper May | Knowledge Hub | UK Accounting Recruitment Agency

The UK economy may grow by 1.7% in 2025, driven by looser monetary policy and increased consumer spending. However, persistent inflation above 2% and global trade frictions could pose challenges, with policy responses critical for sustained growth.

2025 marks a transformative year amid global political shifts, economic challenges, and rebuilding trust post-pandemic. Accountants play a vital role in fostering stability, growth, and ethical business practices. Key focuses include skills, sustainability, audit reform, and digital taxation readiness.

ICAS celebrates its 170th anniversary as the world’s oldest accountancy body, founded in 1854. With over 24,000 members globally, it has driven key changes in accounting standards and launched initiatives like CA24 to modernise the profession and adapt to future challenges.

Talent retention is the top priority for UK accountancy firms, with 67% ranking it as their main concern. Firms face a competitive market for talent, especially as they expand into new service lines. Strategies include flexible working, career development, and performance-based incentives.

Accountants must maintain licenses, protect client data, understand employment contracts, secure liability insurance, adhere to ethics laws, and comply with record-keeping standards. Addressing these legal aspects safeguards careers, mitigates risks, and ensures confident progression in the evolving financial landscape.

CFOs are increasingly investing in accounting technology to automate finance functions, driving efficiency and innovation. Automation in tasks like accounts payable, data integration, and reporting streamlines processes, enhances decision-making, and enables companies to scale, fostering growth and strategic success.