Heightened competition paired with a number of external factors (the Brexit among them) has made the UK accountancy sector a progressively challenging market. Huddle’s study of 200 accounting and other professional services firms shows that over the next three years, firms are most concerned about retaining staff (45%) and increased domestic (40%) and global competition (36%).

More worryingly still, the fallout from Brexit could mean new challenges for firms already fighting to win and retain business.