RegulationBusiness RegulationSMEs must be government’s priority, says Izza

SMEs must be government's priority, says Izza

Head of ICAEW calls for ministers to help businesses grow and export

SUPPORTING SMEs must be the government’s priority, ICAEW chief executive Michael Izza has said.

Izza (pictured) told the Manchester Evening News that red tape from Europe was restricting the ability of small and medium-sized enterprises to grow. Ministers should focus on giving these businesses the tools to start employing more people and exporting goods and services overseas.

There are 6,000 large businesses in the UK and 4.8million SMEs, of which 3.8million don’t employ anybody, he said. If half a million of these businesses employ one more person, that is an extra 500,000 people in work, he said.

“But the crucial point here is that for many of these businesses, actually employing their member of staff or going from two to three employees is just a phenomenal challenge for them, so they need help because all of a sudden they have so many other things to consider.”

Related Articles

Better together: Accountants, advisers and business protection for SME clients

Accounting Firms Better together: Accountants, advisers and business protection for SME clients

10m Emma Smith, Managing Editor
Government export campaign shows ‘no progress’

Business Regulation Government export campaign shows ‘no progress’

11m Stephanie Wix, Writer
The Practitioner: Financing landscape gloomy for small businesses

Business Regulation The Practitioner: Financing landscape gloomy for small businesses

12m The Practitioner
Record fine for Deloitte and audit partner over Aero misconduct

Accounting Standards Record fine for Deloitte and audit partner over Aero misconduct

1y Stephanie Wix, Writer
Analysis: Q3 statistics show Brexit insolvency rise and 'shadowy' behaviour

Business Regulation Analysis: Q3 statistics show Brexit insolvency rise and 'shadowy' behaviour

1y Stephanie Wix, Writer
IPA issues first specialist insolvency licence

Accounting Firms IPA issues first specialist insolvency licence

2y Chris Warmoll, Writer
ICAEW wants greater clarity over access to simplified accounting regime

Accounting Standards ICAEW wants greater clarity over access to simplified accounting regime

2y Calum Fuller, Reporter
Going concern guidance extended to companies outside of UK governance rules

Accounting Standards Going concern guidance extended to companies outside of UK governance rules

2y Richard Crump, Writer