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ICAEW: no more business tax rises

Author: ICAEW

Published: 20 Jul 2026

Commenting on Andy Burnham becoming Prime Minister, Alan Vallance, ICAEW Chief Executive, said:

“We congratulate the new Prime Minister Andy Burnham on his appointment, and stand ready to work with him and his government.

“Our members are business leaders whose decisions shape the economics of towns and cities across the UK, and they tell us that to lay the foundations of economic growth, the new government must create the conditions for businesses to invest, hire and expand.

“In particular, ICAEW Chartered Accountants are clear that there must be no more business tax rises. The decisions the government takes in its first weeks and months will be critical to whether it achieves its ambitions for economic growth and prosperity, and we hope Andy Burnham will give business a shot in the arm by committing to this.”

ENDS

About ICAEW 

Chartered accountants are talented, ethical and committed professionals. ICAEW represents more than 211,600 members and students around the world. 81 of the top 100 global brands employ ICAEW Chartered Accountants.* 82% of FTSE 100 companies have an ICAEW member on their board.

Founded in 1880, ICAEW has a long history of serving the public interest and we continue to work with governments, regulators and business leaders globally. And, as a world-leading improvement regulator, we supervise and monitor more than 11,500 firms, holding them, and all ICAEW members and students, to the highest standards of professional competency and conduct.

We promote inclusivity, diversity and fairness and we give talented professionals the skills and values they need to build resilient businesses, economies and societies, while ensuring our planet’s resources are managed sustainably.

ICAEW is working towards becoming net zero, demonstrating our commitment to tackle climate change and supporting the UN Sustainable Development Goal 13.

ICAEW is a founding member of Chartered Accountants Worldwide (CAW), a global family that connects over 1.8m chartered accountants and students in more than 190 countries. Together, we support, develop and promote the role of chartered accountants as trusted business leaders, difference makers and advisers.

We believe that chartered accountancy can be a force for positive change. By sharing our insight, expertise and understanding we can help to create sustainable economies and a better future for all.

* includes parent companies. Source: ICAEW member data March 2026, Interbrand, Best Global Brands 2025.

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