• In the UK ACCA has over 100,000 members working in accountancy and finance roles up and down the country, across all sectors, public and private, from micro businesses to large firms, helping individuals, organisations, and businesses to thrive. As a chartered professional body, we operate in the public interest; ensuring our members operate to the highest technical and ethical standards and we conduct independent research globally to advance the profession for the public good.
• The accounting profession makes a significant contribution to the UK economy. In 2022, it is estimated that the profession directly contributed £80.7 billion to UK GDP and was responsible for an estimated tax contribution of approximately £10.1 billion to the UK Exchequer.
• Accordingly, the Professional and Business Services sector is identified as one of the eight key sectors in the UK’s Modern Industrial Strategy. We work closely with government and other partners to realise the accountancy profession’s growth potential, both in the domestic market and, through the promotion of the UK’s expertise and high standards, internationally.
• As trusted advisors to business, our members are well-placed to provide early and unique insight into business confidence and economic circumstances. They tell us that business confidence is muted and lacks confidence in the economy that businesses need to invest and grow.

Please download the document found on this page to read our full submission.