The last time it changed this much, Elvis was still topping the charts and a gallon of petrol cost 10p
"We’ve no desire to become the next KPMG but I do believe we can do a great job for people,” says Fielding.The 52-year-old joined the company at the age of 22, shortly after his father retired from the firm and now Fielding’s son works in Simpson Wood’s financial services department.
"At this point in time, nobody knows when this energy crisis is changing and if you’re a manufacturer then how are you going to keep going? It’s not disastrous by any means but the uncertainty is the worst thing.”However, economic challenges are good for accountants."When the markets are difficult, that’s when there’s an opportunity and you need to do more at that time for clients,” says Fielding.
He adds: “We all know we’re going to have to take care of ourselves in the future. The state pension is not going to allow you to live a life that you think is wonderful."The cost of living crisis is a blip and there will be a recovery from it. It’s about making sure you’re managing your money in the best way now and spreading the risk so that when the recovery comes you’re in the best position you can be.
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