The Rt. Hon MP Prime Minister, First Lord of the Treasury and Minister for the Civil Service 10 Downing Street SW1A 2HQ

By Email

1 July 2020

Dear Prime Minister,

Re: Business and Economic Recovery I am writing to you in my capacity as the Chief Executive, Management Accounting at the Association of International Certified Professional Accountants (the Association), regarding plans for economic recovery following the UK coming out of the lockdown caused by the Covid-19 pandemic. Attached to this letter is 20 policy recommendations we have worked on with our members. We believe these proposals will help the UK’s economic recovery, support productivity growth and help businesses rebound and be put on a more sustainable footing going forward. Together, the American Institute of CPAs (AICPA) and the Chartered Institute of Management Accounting (CIMA) has formed the world’s largest professional body of management accountants, the Association. Our association represents 650,000 members and students across 179 countries and territories in public and management accounting and advocates for the public interest and business sustainability on current and emerging issues. In the UK, CIMA has over 80,000 members who are advising their businesses and clients right now on actions to take to deal with the Coronavirus and keep their businesses both viable and profitable. CIMA helps individuals and businesses to succeed by harnessing the full power of management accounting – not just accounting for the balance sheet but accounting for business and how to deal with new and emerging threats and trends. CIMA was founded in 1919 in the wake of World War One after our members helped with the Government’s response to that national crisis. Our members across all sectors and businesses of all sizes have spoken to us about the challenges they are facing in securing the businesses financial security and keeping cashflow going within the business and thus the wider economy. We welcome many of the measures already announced and introduced by your government and believe these have helped many businesses across the country weather the economic crisis caused by the Covid-19 pandemic.

The Helicon, One South Place, London EC2M 2RB, United Kingdom T: +44 (0) 20 7663 5441 aicpaglobal.com, cimaglobal.com, cgma.org

We believe the 20 policies we have suggested can help the economy and business recover quicker and provide a more sustainable businesses and economic footing going forward. I would be happy to have a call with your officials to discuss our proposals and wider support to help UK businesses recover. I look forward to hearing back from you. Yours sincerely,

Andrew Harding FCMA CGMA Chief Executive, Management Accounting

cc. Rt Hon Rishi Sunak, Chancellor of the Exchequer Rt Hon Michael Gove, Chancellor of the Duchy of Lancaster and Minister for the Cabinet Office Rt Hon , Secretary of State for Business Energy and Industrial Strategy Rt Hon Elizabeth Truss, Secretary of State for International Trade Rt Hon Gavin Williamson, Secretary of State for Education Paul Scully MP, Small Business, Consumers and Labour Markets Minister Gillian Keegan MP, Apprenticeships and Skills Minister Lord Callanan, Climate Change and Corporate Responsibility Minister

The Helicon, One South Place, London EC2M 2RB, United Kingdom T: +44 (0) 20 7663 5441 aicpaglobal.com, cimaglobal.com, cgma.org