Treasury looks to sustain profession

A new body has been set up to help sustain and improve the international
competitiveness of the accountancy profession.

The Professional Services Global Competitiveness Group held its inaugural
meeting yesterday, and is set to focus on medium and longer term issues
affecting the sector.

The group is co-chaired by Kitty Ussher MP, economic secretary to the
Treasury, and Sir Michael Snyder, senior partner at Kingston Smith LLP.

According to Ussher, the group will be fundamental to the Chancellor
prioritizing making the UK a globally competitive financial centre.

‘The Government is committed to working alongside people from the
professional services industry to build a debate on public policy that will
benefit both the financial services sector and the UK,’ she said.

Related reading