ACCA responds to Queen's Speech
ACCA (the Association of Chartered Certified Accountants) has commented on the Queen’s Speech, delivered on the 15 November at the state opening of Parliament.
On the Pensions Bill, ACCA said the Government should deliver pensions reform as a packgage, and not as a ‘pick and mix’ of policies. ACCA welcomes the fact that the Government seems ready to act on long-term reform of the state pensions system following the Turner report and the subsequent Department of Work and Pensions (DWP) white paper.
ACCA also said that with the Climate Change Bill, green taxes must be used for that purpose. The commitment to cut the UK's emissions by 60 per cent by 2050 is ambitious. ACCA believes that green taxes need to be ring-fenced and actually go towards paying for initiatives to fight global warming. It would be more acceptable to taxpayers if their hard-earned money is used for specific environmental measures, not just for general revenue raising.
Further details of ACCA’s repsonse can be found in the news centre section of the website.