Professional Firms Insight – Summer 2018
Welcome to the summer 2018 edition of Professional Firms Insight.
Ongoing Brexit negotiations continue to dominate the political and economic sphere. In this period of Brexit uncertainty, the majority of our professional firm clients are reporting solid but unspectacular growth in fee income and flattening profits as firms continue to invest in people, technology and modern office space for the future. We will not of course know the true impact of Brexit on our sector until after 29 March next year, but most economic forecasters are predicting a period of low growth in the UK economy for the next few years at best. On a less abstract level, businesses rushed to meet their General Data Protection Regulation compliance obligations by 25 May. And those with 250 or more employees were required to publish their gender pay gap by April 2018.