ACCA’s reactive statement to the Chancellor’s spending review

Claire Bennison, head of ACCA UK, said:

‘ACCA welcomes the government’s focus on job creation and the extra money for mental health services, as the country battles the harsh effects of the global pandemic.

‘A focus on jobs requires an equal focus on skills. There is now a unique opportunity for a more ambitious lifelong skills plan that will nurture the modern, digital and technical skills for all people needing to retrain and upskill in resilient sectors, such as financial services.

‘We would like to see public and private sector partnerships to deliver skills quickly to those in need. Having qualifications that are portable and recognised by professions and trades is now more important than ever. This is a pivotal moment for the government to reshape the post-Covid economy and boost careers training and skills development.

‘Additional funding for SMEs to take on apprenticeships is welcome, but for many of them a one-off payment does not go far enough to incentivise new recruitment and they would like continued support against long-term costs, such as wages for new starters.’

- ends - 

For media enquiries, contact:

Michael Jarvis

E: Michael.jarvis2@accaglobal.com

M: +44 (0) 7538 258897

Twitter @ACCANews

About ACCA

ACCA is the Association of Chartered Certified Accountants. We’re a thriving global community of 227,000 members and 544,000 future members based in 176 countries and regions that upholds the highest professional and ethical values.

We believe that accountancy is a cornerstone profession of society that supports both public and private sectors. That’s why we’re committed to the development of a strong global accountancy profession and the many benefits that this brings to society and individuals.

Since 1904 being a force for public good has been embedded in our purpose. And because we’re a not-for-profit organisation, we build a sustainable global profession by re-investing our surplus to deliver member value and develop the profession for the next generation.

Through our world leading ACCA Qualification, we offer everyone everywhere the opportunity to experience a rewarding career in accountancy, finance and management. And using our respected research, we lead the profession by answering today’s questions and preparing us for tomorrow.