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Over half of UK organisations to cut expenses amid rising government costs, survey finds

by March 31, 2025
March 31, 2025
Over half of UK organisations to cut expenses amid rising government costs, survey finds

More than half of UK organisations are planning to cut expenses in response to rising government-imposed costs, including new tax and National Insurance increases taking effect from April 6th, according to a new survey of finance leaders.

The research, conducted by financial management software provider AccountsIQ and expense management platform ExpenseIn, reveals that 52% of businesses are introducing expense cuts to manage financial pressure. A quarter (25%) of respondents said they had already implemented new restrictions on expense budgets, with a further 17% considering similar measures in the near future. Only 5% of respondents said they had no plans to reduce expenses.

The survey gathered insights from 125 UK-based CFOs and senior finance professionals and highlights how companies are adjusting their cost structures as they navigate rising tax liabilities and an increasingly challenging economic landscape.

Payroll and employee expenses were identified as the top two areas of finance operations under scrutiny — with 46% of finance leaders closely reviewing payroll and 24% targeting expenses. The findings suggest that many organisations are reassessing staffing levels, operational costs, and financial processes as they strive to do more with less.

Darren Cran, CEO of AccountsIQ, commented: “These figures demonstrate how finance teams are being asked to navigate an increasingly complex environment, with rising costs and ever-changing regulations always on the horizon. That said, this doesn’t have to be all doom and gloom. We’re seeing ambitious businesses embrace cutting-edge technologies to drive automation and efficiency.”

He added that finance leaders have a significant opportunity to modernise and streamline operations by leveraging new digital tools — particularly in the face of economic pressures and shifting compliance demands.

The survey also highlighted the top challenges businesses face when managing expenses today. Compliance with changing regulations was the leading concern (40%), followed by manual processes (23%) — underscoring the demand for more robust, automated financial systems.

Richard Jones, Managing Director of ExpenseIn, said: “With employee expense policies tightening, businesses need better visibility and control over spending. Simplifying expense management through automation can help finance teams ensure compliance while reducing the administrative burden on employees.”

As organisations prepare for new fiscal realities, the emphasis is now on building resilient, tech-enabled finance functions that can adapt to change, maintain compliance, and drive long-term operational efficiency.

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Over half of UK organisations to cut expenses amid rising government costs, survey finds

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