{
  "id": 16739472,
  "title": "ICAEW chief: Britain can’t build a better economy one Budget at a time",
  "url": "https://urgent.news/2026/10/27/icaew-chief-britain-cant-build-a-better-economy-one-budget-at-a-time",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-27T11:05:55.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/icaew-chief-britain-cant-build-a-better-economy-one-budget-at-a-time/"
  },
  "original_language": "en",
  "account": "Alan Vallance, chief executive of the Institute of Chartered Accountants in England and Wales (ICAEW), argues that Britain cannot build a stronger economy through a series of annual Budgets alone. He emphasizes the need for long-term certainty in taxes and regulations to encourage businesses to invest and hire. Vallance states, \"You can’t invest what you don’t have or when you are unsure what extra tax or regulatory burden is around the corner.\" He points out that business confidence has been negative for seven consecutive quarters, the longest period since the global financial crisis, leading many companies to postpone investments and postpone hiring. Vallance urges the Chancellor to bring certainty over taxes and business regulations, ruling out further increases in employment taxes and freezing the business rates multiplier for 2027/28. He also calls for wider reform of the tax system to reduce costs and provide clearer government fiscal rules. Vallance believes that improving HMRC's performance and expanding the Growth Guarantee Scheme could help smaller firms access the finance they need to grow. While he recognizes the Chancellor's difficult choices, he insists that business growth and public finances are interdependent, and a stronger economy depends on them. However, he warns that the current tax system, which has grown more complex over the past 50 years, is unfit for the future economy. To address this, he announces the establishment of the Future of Tax Commission, an independent body tasked with examining what a better tax system should look like and how to achieve it.",
  "summary": "To achieve sustainable economic growth, the government must move beyond short-term Budget fixes and provide businesses with long-term certainty through tax stability and regulatory reform, says Alan Vallance “You can’t invest what you don’t have or when you are unsure what extra tax or regulatory burden is around the corner.” That was how one of [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}