ACCA responds to Queen's Speech in December

Following the Queen’s Speech today, Michael Taylor, ACCA chief economist, said:

Brexit

‘The general election has ensured that the parliamentary deadlock in relation to Brexit is broken. It has removed one aspect of uncertainty. However, thousands of businesses of all sizes await further clarity on the future trading relationship with the European Union and other trading partners.

‘There still remains uncertainty over the length of the transition period, ACCA calls on the government and parliamentarians in general to act in the national interest in order to get the best possible trade deal that works for all four nations.’

Corporate governance

‘ACCA welcomes the inclusion of a proposed regulatory framework change, most notably for the audit sector. It suggests the new Government has therefore committed to progress the audit reform agenda, and ACCA will continue to monitor developments including ongoing independent and government reviews.

Immigration

‘The UK needs an immigration system that is progressive and agile in order to ensure that the UK can attract the future professional service talent needed to plug the skills gap. We would therefore encourage Government to work collaboratively with sector leaders and experts to deliver this modern and fair points-based immigration system’

Fiscal policy

‘ACCA welcomes the government’s commitment to maintaining a responsible, sustainable fiscal strategy. We have long called for a review of Business Rates and will look forward to contributing to calls for evidence in due course.’

 

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About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development.

Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com