PracticeAccounting FirmsBDO: Small and mid-cap market ‘hamstrung’ by government

BDO: Small and mid-cap market ‘hamstrung’ by government

Calls for AIM and PLUS-quoted shares to be included in ISAs are falling on deaf ears

SMALL AND MID-CAP quoted companies are being ‘hamstrung’ by the government’s refusal to allow their shares to be included in ISAs.

According to the latest QCA/BDO Small & Mid-Cap Sentiment Index – a joint initiative from BDO and the Quoted Companies Alliance – calls for AIM and PLUS-quoted shares to be included in ISAs are falling on deaf ears.

Small and mid-cap companies are calling for chancellor George Osborne to implement the changes, which they argue would provide incentives to shareholders to adopt a longer-term approach to investment, in the 21 March Budget.

However, the government refuses to introduce the measure with the Treasury last month rejecting the proposed reform.

“The early signs are that policymakers are engaged in rhetoric – asking questions and not listening to the answers. This leaves small and mid-cap companies hamstrung by a one-size-fits-all approach that hinders their growth prospects and hampers investment; not what businesses in the UK need at the moment,” said Scott Knight, partner at BDO.

Related Articles

BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

5d Alia Shoaib, Reporter
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
BDO promotes 1,110 people

Accounting Firms BDO promotes 1,110 people

1m Alia Shoaib, Reporter
BDO strengthens Bristol team with new audit partner

Accounting Firms BDO strengthens Bristol team with new audit partner

2m Austin Clark, Reporter
284 new trainees join BDO

Accounting Firms 284 new trainees join BDO

3m Alia Shoaib, Reporter
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

3m Alia Shoaib, Reporter
Partner joins BDO from KPMG

Accounting Firms Partner joins BDO from KPMG

3m Alia Shoaib, Reporter
BDO appoints forensic expert as partner

Accounting Firms BDO appoints forensic expert as partner

4m Alia Shoaib, Reporter