} Summer Statement 2020 | ICAEW
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Summer Statement 2020

On 8 July 2020 Rishi Sunak delivered a Summer Statement announcing new fiscal measures to support the UK in its recovery from the impact of the coronavirus impact. Read initial reactions and analysis from ICAEW's experts.

Tax announcements

ICAEW letters to government

Ahead of the economic update, Michael Izza wrote to the Chancellor, and the Tax Faculty wrote to the Financial Secretary to the Treasury, outlining what ICAEW believes to be the key priorities for fiscal policy in the coming months.

ICAEW Rep 42/20 Michael Izza letter to Chancellor

On 24 June ICAEW's Chief Executive, Michael Izza, wrote to the Chancellor of the Exchequer ahead of the summer economic update. He outlined the three areas ICAEW believes should be the UK's priority in coming out of the current crisis: stabilising the economy in the short-term; building sustainability into the medium-term recovery plans; and securing the ability of British business to compete internationally in the long-term.

ICAEW Rep 43/20 Frank Haskew letter to FST

On 30 June Frank Haskew, Head of ICAEW's Tax Faculty, wrote to Jesse Norman the Financial Secretary to the Treasury ahead of the summer economic update. In the letter he outlines the three priorities ICAEW believes should guide future government policy: stabilising the economy in the short-term, building sustainability into the medium-term recovery plans, and securing the ability of British business to compete internationally in the long-term.