ACCA UK has welcomed the publication of the latest edition of the Treasury Committee’s report ‘Economic impact of coronavirus: gaps in support and economic analysis.’
ACCA UK’s Glenn Collins, head of technical advisory and policy, gave evidence to the Committee’s oral evidence session on the 20 January, highlighting the vital need for a Directors Income Support Scheme (DISS) to support self-employed directors.
Glenn Collins says: ‘The government needs to be very clear about next steps for those businesses and entrepreneurs that have been forgotten. Otherwise, the government risks sending out a message to current and future SME owners or entrepreneurs that it does not recognise the value they bring to the UK economy. We are supporter of DISS and stand ready to help the government and policy makers about next steps.’
ACCA UK also agrees with the Committee’s other recommendations including the need to avoid unnecessary cliff edges on all support but especially with the Self-Employment Income Support Scheme (SEISS).
Glenn Collins concludes: ‘The Committee’s recommendation for a multi-specialist approach to lifting the lockdown is also to be commended - epidemiologists, economists and health experts to work together to give business and the general public confidence about next steps out of this winter lockdown.’
The Treasury Committee's report is here: https://publications.parliament.uk/pa/cm5801/cmselect/cmtreasy/882/88201.htm
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Notes to Editors
ACCA UK has joined forces with Forgotten Ltd, Federation of Small Businesses (FSB) and Rebecca Seeley Harris to call for this Scheme.
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