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