The latest round-up of news and events from our member, ICAEW
ICAEW South West Business Confidence Monitor: The latest ICAEW Business Confidence Monitor shows sentiment in the South West rising sharply from last quarter, outperforming the UK average, yet still below its long-term norm. Firms report strong domestic and export sales prospects and expect profits to grow next year. However, record concerns over the tax burden and regulatory pressures, alongside sticky input costs, are weighing on confidence. Employment and investment are picking up, and companies are planning further growth, especially in R&D.
After the publication of the quarterly Business Confidence Monitors, we hold a webinar to provide a reflection on the latest report, which is followed by an additional speaker/s. During the first session of 2026, Malindi Myers, Agent for the South West, Bank of England, will provide an update on the latest monetary policy and what the economic outlook really means for the South West.
2026 South West Region Insight Groups and events – typically 60-90 minutes either early morning or lunchtime
The following insight groups are scheduled to run throughout 2026. They are run as South West Region events, which include the West of England and further South West. You are welcome to share these opportunities with your network, and if non- members are interested in attending, please contact the event organiser, and we will accommodate this when appropriate.
| Tech & Creative Ventures | ESG |
| Travel, Tourism & Hospitality | FD & CFO |
| Manufacturing | Business Members |
| Charity & NFP | Sole & Small Practice |
| Farming & Rural |
UK Auditor General calls for step change in government financial management
Head of the National Audit Office, Gareth Davies, echoes ICAEW in calling for stronger financial management in government to deliver trust and accountability for taxpayers.
Economic update: What to expect in 2026?
Following a difficult end to 2025, the UK’s economic performance is likely to weaken further, despite lower inflation and falling interest rates. Suren Thiru, ICAEW’s Director, Economies, outlines what to expect in the year ahead.
Government abandons Audit Reform Bill
The UK government is scrapping the long-awaited Audit and Corporate Governance Reform Bill, saying that the rule changes would be too costly for large companies.
All information on this post is courtesy of ICAEW South West.
