RegulationAccounting StandardsCameron: Government ‘not a bunch of accountants’

Cameron: Government 'not a bunch of accountants'

Sorting out government finances not just a business turnaround exercise, says the prime minister

THE PRIME MINISTER has said that the government is “not just a bunch of accountants trying to turn around the British economy as if it were a failing company”.

In an article written for the Daily Telegraph, David Cameron said that the public need to be shown that the government is attempting to help individuals, and change the perception that it is starkly looking to reduce deficit figures.

“That’s why the actions we’ve taken – such as freezing the council tax, making cuts to fuel duty and raising the personal allowance so you keep more before you start paying tax – are so important,” he added.

It is the second time in recent weeks that Cameron has referred to accountants in a less than flattering light. He used the same example during an interview with the BBC’s Nick Robinson.

Chancellor George Osborne, during his Budget speech, said: “Under the last government…it was the boast of some high earners that, with the help of their accountants, they were paying less in tax than their cleaners.”

In an open letter to Cameron, ICAEW chief executive Michael Izza stated that accountancy drove the professional services sector, and that advisors have called for a less complex tax system, as the current regime facilitates tax avoidance.

Izza also invited Cameron to visit a firm to see the work undertaken to help small businesses.

Related Articles

MoD accounts qualified for seventh time in a row as leasing issues remain

Accounting Standards MoD accounts qualified for seventh time in a row as leasing issues remain

1y Kevin Reed, Writer
CIPFA announces anti-corruption qualification

Accounting Standards CIPFA announces anti-corruption qualification

2y Calum Fuller, Reporter
AAYP 2016: The 35 under 35

Accounting Firms AAYP 2016: The 35 under 35

2y Richard Crump, Writer
AAYP 2016: The new breed of accountant

Accounting Standards AAYP 2016: The new breed of accountant

2y Acccountancy Age
AAYP 2016: Why small and medium sized practices face generational divide

Accounting Firms AAYP 2016: Why small and medium sized practices face generational divide

2y Accountancy Age, Reporters
Error in Department for Education’s financial statements ‘material and pervasive’

Accounting Standards Error in Department for Education’s financial statements ‘material and pervasive’

2y Calum Fuller, Reporter
Government policymakers lack financial literacy - ACCA

Accounting Standards Government policymakers lack financial literacy - ACCA

2y Richard Crump, Writer
CIPFA urges stricter open-book contract rules to halt outsourced scandals

Accounting Standards CIPFA urges stricter open-book contract rules to halt outsourced scandals

3y Chris Warmoll, Writer