Following the recent UK General Election and subsequent King’s Speech, ACCA issued statements on the priorities for the new Labour government and on new measures contained in the King’s Speech.

These included audit and corporate governance reform, AI regulation and skills policy. They also noted ACCA’s disappointment at the lack of reference to measures to improve HMRC services in the King’s Speech.

This followed on from our policy prospectus issued before the General Election, Accounting for a better world: An ACCA policy prospectus for the UK. In the prospectus ACCA set out clear goals and aims which will help the UK strengthen its position on sustainable business, global trade, AI, and talent retention. Key areas for policy reform are also addressed, including improvements to tax systems, audit, corporate governance and the public sector.  

We also published a skills development policy paper earlier this year outlining key policy proposals to tackle the challenge that the widening skills gap across sectors presents to economic growth and productivity.

For more information, see:

• ACCA UK comments on King’s Speech
• ACCA urges new UK government to prioritise finance and economics in first 100 days
• Accounting for a better world: An ACCA policy prospectus for the UK
• Skills development: Policies for enhancing the employer ecosystem

If you’d like to support our policy work in any subject area, please contact:

• Glenn Collins, head of technical and strategic tngagement UK)
• Gemma Gathercole (England) 
• Susan Love (Scotland)
• Lloyd Powell (Wales)

To keep up to date with the latest news and insights from ACCA in the UK, please follow our new LinkedIn page.