Members of the Institute of Chartered Accountants in England and Wales (ICAEW) could support UK Prime Minister Andy Burnham's plans to channel more investment into towns, infrastructure and local economies, but are urging him not to repeat the tax mistakes they say damaged business confidence under the previous government.
That is according to a new ICAEW poll of 875 members conducted between 6 July and 10 July 2026, which found that business taxation is seen as the most urgent issue for the new administration.
Nearly 57% of the respondents said easing the tax burden on businesses should be Burnham's top priority on taking office.
Members said repeated changes to the tax system in recent years had created uncertainty for companies and weakened willingness to invest.
They also cited last year's increase in employer National Insurance contributions, which some described as "crippling" for small businesses. Respondents said the rise constrained hiring, investment and expansion.
#businesses #institute
That is according to a new ICAEW poll of 875 members conducted between 6 July and 10 July 2026, which found that business taxation is seen as the most urgent issue for the new administration.
Nearly 57% of the respondents said easing the tax burden on businesses should be Burnham's top priority on taking office.
Members said repeated changes to the tax system in recent years had created uncertainty for companies and weakened willingness to invest.
They also cited last year's increase in employer National Insurance contributions, which some described as "crippling" for small businesses. Respondents said the rise constrained hiring, investment and expansion.
#businesses #institute
4 days ago
