ICAEW letters to the government
Ahead of each Budget, ICAEW writes to the Chancellor of the Exchequer. In February 2023, ICAEW CEO Michael Izza wrote: "We believe that the resilience of the UK’s economy and public finances is the bedrock on which the pillars of ‘Enterprise’, ‘Education’, ‘Employment’ and ‘Everywhere’ can be based: otherwise we risk building on sand. This foundation - combined with a renewed approach to infrastructure investment and public services – will enable us to achieve a prosperous and carbon neutral future." Read ICAEW's letter in full.
Business Confidence Monitor
UK Business Confidence Monitor: National
The Q1 Business Confidence Monitor (BCM) shows business confidence recovering back into positive territory, but still very weak, as companies are concerned over their future sales with continued high inflation and interest rates. There are also worries over how tight government fiscal policy will need to be, in the months and years ahead.