cost of living crisis research paper


Brexit, the ongoing impact of the pandemic and the conflict in Ukraine are all extraordinary events that have led to a cost of living crisis. It’s unlike something many of us have experienced in our working lives.

This report uses research from ICAEW members to paint a picture of how the accountancy profession is affected by the cost of living crisis, both practically and emotionally.

At caba, we have pulled together a panel of experts to share their advice on navigating through this difficult and worrying period, including guidance on how to tackle debt, have difficult financial conversations at work and maintain positive mental health when dealing with circumstances outside of your control. This expert advice is supported by real life experience from Chartered Accountant, Tooba Siddiqui.

Our panel includes: 

  • Cristian Holmes, caba CEO
  • Paul Day, caba Senior Support Officer and specialist debt advisor
  • Kirsty Lilley, award-winning mental health trainer, coach and mindfulness facilitator
  • Mark Pearce, caba Head of Service Development and Delivery
  • Tooba Siddiqui, qualified accountant, sharing her first-hand experience of working in the profession

Read each chapter of the report below.

caba panel discussion

caba panel discussion

watch the full discussion here

watch the video



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cost of living crisis


caba’s CEO, Dr Cristian Holmes, sets the scene for the report and explains why the cost of living crisis is an issue the accountancy profession needs to focus on. Tooba, a chartered accountant, also reminds us why it’s good to seek help when we need it.



chapter 1

the research

Accountants are already making changes to reduce their expenses, but many are still worried about the winter ahead. Read more of the facts and figures in this chapter.



chapter 2 

debt advice from Paul Day

caba’s expert debt adviser Paul outlines why we shouldn’t be embarrassed when facing financial issues and shares his recommendations on tackling problem debt.


chapter 3 

mental health advice from Kirsty Lilley

Mental health trainer Kirsty explains why changes in our financial circumstances impact our mental health and outlines how we can prepare to manage this period where so much is out of our control.


chapter 4

health and wellbeing advice from Mark Pearce

In this chapter, Mark normalises the idea of debt and explains how tackling hard conversations can help ease the pressure.


chapter 5

first-hand advice from Tooba Siddiqui

Amid stress, burnout and now added financial pressures, Tooba shares her view of the pressures facing working accountants.


chapter 6

the role of the business

Now more than ever, employers should be considering financial health as part of their benefits packages - read this chapter to find out how.



by Dr Cristian Holmes

We’re facing a period of uncertainty, but caba is here for the everyday and the exceptional.

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cost of living crisis

the report

Download the full research paper here.