ICAEW Chartered Accountants as partners in growth.
SMEs and entrepreneurs drive economic recovery and growth. ICAEW advises on improving business support, streamlining regulation and encouraging entrepreneurship.
ICAEW’s briefing to parliamentarians on the Serious Crime Bill warns that the legislation won’t help authorities to convict more “crooked” lawyers and accountants, and will make it harder for former criminals to make an honest living.
In advance of a potential rise in the Bank of England’s interest rate in 2015 from its current historically low level of 0.5%, ICAEW surveyed 500 businesses on how it may or may not impact them
Read ICAEW’s views on the policy proposal for a UK business bank
This guide highlights the importance of financial management across the various stages of business development
At the Small Business Economic Forum meeting last week Michael Izza argued that this year’s budget was a budget for big business rather than the small business sector. A view echoed by both the CBI and the Forum for Private Business.
As the CBI publishes a major report on business tax, ICAEW warns that without a more informed political debate on the contribution of British business, the UK cannot pursue the right policies for growth.
ICAEW has been working with the UK Government together with other professional bodies on a new service for 2013 which will enable businesses to identify ICAEW chartered accountants in practice who can provide independent advice on business finance.
The Government has welcomed the new Business Finance Advice scheme being developed by ICAEW, as recommended by the Industry-led Taskforce on access to non-bank lending.
ICAEW is pleased to be supporting the Government’s new enterprise loan scheme for 18 to 24 year olds as announced by Lord Young. As part of this new scheme, ICAEW has produced a 9 step guide to help budding entrepreneurs develop their business plans with a direct offer for a free advice session as part of ICAEW’s Business Advice Service.
A National Loan Guarantee Scheme (NLGS) has been launched by the Treasury today, which we hope will encourage businesses to apply for bank finance for investment and expansion plans.
ICAEW hosted the launch of the Industry-led Taskforce proposals to develop access to non‐bank lending channels which was commissioned by Vince Cable and chaired by Tim Breedon, Chief Executive of Legal & General Group plc.
ICAEW has been working closely with the Department for Business, Innovation and Skills (BIS) and Parliamentarians to create a cost-effective and efficient application process for the allocation of the Government’s Regional Growth Fund.
Our 5th annual conference for small and medium sized enterprises (SMEs) included a keynote speech from the Minister for Business and Enterprise, Mark Prisk MP.
Our new scheme harnesses the expertise of ICAEW Chartered Accountants to offer a free advice session to businesses facing a tough economic climate.
LEPs will replace Regional Development Agencies (RDAs) – read our guide to how these new regional business support bodies should be set up.
Continuing the ICAEW’s policy leadership on the issue of SME access to finance, this research presents a new and up-to-date snapshot of the availability of credit for SMEs.
A fresh approach to SME policy is needed: one that is framed by a coherent set set of principles throughout the policy cycle.
This briefing outlines ICAEW's concerns on the proposed changes to the bankruptcy process as outlined in the Enterprise and Regulatory Reform Bill.
This briefing outlines the key areas of the Enterprise and Regulatory Reform Bill which ICAEW would like MPs to closely scrutinise at Second Reading next Monday 11 June.
Response to consultation on Local Enterprise Partnerships and Regional Growth Fund
A Report by the All Party Parliamentary Small Business Group into entrepreneurship published in May 2012 included a number of views from ICAEW.
On 13 January 2012, ICAEW submitted written evidence the All-Party Parliamentary Small Business Group (APPSBG) inquiry into The Barriers to Entrepreneurship.
ICAEW representation to the Conservative Party taskforce on innovation
Consultation document on community innovation policy
ICAEW has been briefing MPs in the House of Commons on the 2013 Finance Bill.
Read The Office for Budget Responsibility’s letter to the Prime Minister ahead of the budget.
Despite the UK’s recent triple-A downgrade, ICAEW’s latest Business Confidence Monitor (BCM) suggests that business confidence is at its highest level since 2011. Recent pro-growth policies such as the increase in capital investment for infrastructure will make a real difference. But to maintain this momentum, the Budget must go further.
Our latest research suggests policy progress is mixed. While half of our business members have seen progress on our tax system’s competitiveness, the majority feel there has been no progress on the Government’s other growth targets.
As currently set out, the legislation is seriously flawed in principle and in practice. Unless the government withdraws this clause and schedule with a view to tabling a more workable alternative in time for the Bill’s third reading, we believe the new tax charge could be an operational and reputational disaster for the government and HMRC.
ICAEW has been briefing MPs in the House of Commons on the 2012 Finance Bill and the briefing helped to form evidence for the Treasury Select Committee report on the Budget.
Read our full analysis of what the Budget means for enterprise, the public finances, tax, unemployment, skills, and our insights into the politics behind the Chancellor’s proposals.
Does the budget 2012 live up to the hopes and expectations of the UK’s business community?
A panel of business experts held a filmed web discussion to analyse what the Chancellor's budget means for businesses. Hosted by economia editor Richard Cree, the panel considered what the likely impact of the government announcements will be on business and stimulating UK growth. Panellists at the post-budget analysis were Danielle Stewart, partner at Baker Tilly, Sarah Buckley, Public Affairs Manager at ICAEW, and Gordon Skaljak from commercial credit reference agency Graydon UK.
David Petrie, Head of Corporate Finance, assesses the headline reduction in corporation tax, enterprise zones, and tax reliefs.
Fatima Hassan, Public Policy Manager, discusses the impact of the Chancellor’s proposals on access to higher education, skills, and jobs.
Speaking on the morning of the Budget, Executive Director, Robin Fieth outlined what ICAEW has been calling for the Chancellor to address.
This is the first year we have integrated member recommendations into our Budget submission via our Regional Strategy Boards.
The Budget will be held on 21 March 2012, read all our comment and analysis.
ICAEW identified five policy objectives to help maintain growth in the short-term.
ICAEW Budget letter to the Chancellor of the Exchequer.
ICAEW Tax Faculty Budget and finance bills representations
The ICAEW Tax Faculty published its detailed Budget commentary on 29 March.
The Chancellor has gone for growth and wants to show that the UK is open for business.
ICAEW’s open letter to the Chancellor outlines 8 key recommendations to support economic growth and improve business confidence.
The Chancellor delivered an autumn statement that was clearly aimed at restoring political as well as economic confidence
ICAEW’s open letter to the Chancellor outlines 12 key recommendations to help restore business confidence in the short-term.
ICAEW provided a written briefing for a Westminster Hall debate on tax transparency within FTSE 100 companies.
ICAEW provided a written briefing for a Westminster Hall debate on HMRC's resources and capacity
ICAEW provided written evidence to the House of Lords Economic Affairs Committee on the Finance Bill 2013.
ICAEW responded to the Department of Work and Pensions Committee inquiry into Universal Credit.
Read the CEO's latest blog on David Gauke tax avoidance speech
ICAEW’s research helps to inform policymakers of business issues. ICAEW’s Business Confidence Monitor is one of the largest and most comprehensive quarterly reviews of UK business confidence which helps provide a regular snapshot of the economy.
Productivity is a critical piece of the growth jigsaw. Any prolonged period of low productivity can seriously jeopardise the growth potential of an economy; a danger which the UK’s fragile recovery faces. See ICAEW’s submission to the APPG Small Business inquiry into low levels of productivity in the UK. We also provided oral evidence on this to MPs in Parliament.
Ahead of the Comprehensive Spending Review (CSR) in June, ICAEW has published research to highlight the impact of public sector cuts on UK businesses.
This publication seeks to ensure the Government's Plan for Growth remains a policy priority over the coming months.
Business confidence steadies but recession still a threat
Our ICAEW and Centre for Cities research into raising skills profiles in weaker city economies.
ICAEW’s annual survey of businesses shows that a raft of new regulation introduced this year has reversed last year’s slight improvement in the UK’s business environment, and that exports remain the best prospect for growth.
UK economy expected to contract 0.2% in the last quarter.
The BCM shows a significant fall in business confidence for the third quarter of 2011, its lowest level since Q3 2009 when the UK was still in recession.
The accountancy profession is well positioned to advise the public sector on obstacles that need to be addressed to support the growth of innovative sectors.
The Coalition government is continuing its drive to increase UK exports, in support of this, ICAEW hosted a private roundtable with Lord Green and 20 leading small practice representatives, UKTI and UK Export Finance to discuss progress with the government’s ‘Export Challenge’ and what more can be done to help.
The Coalition government has renewed enterprise and trade policy to help SMEs to do more business abroad. In light of this, ICAEW hosted a private roundtable with Lord Green and 30 leading representatives from across the accountancy profession, UKTI and UK Export Finance to discuss progress with the government’s ‘Export Challenge’.