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The Chartered Institute of Management Accountants (CIMA) has urged the government to use the upcoming Spring Forecast to introduce a long-term national growth strategy.
In a letter to chancellor Rachel Reeves, the organisation proposed a series of measures to simplify the tax system and close the national skills gap.
The institute’s recommendations include the creation of a whole-economy tax and regulation roadmap to provide policy certainty for businesses.
CIMA is also calling for structural business rates reform and a commitment to re-indexing personal tax thresholds to prevent fiscal drag.
To support small and medium-sized enterprises (SMEs), the body has proposed reinstating the growth accelerator scheme and expanding the business growth service.
It also advocates for a coordinated productivity strategy, including the establishment of an independent UK productivity commission.
In the education sector, CIMA is seeking reforms to level seven apprenticeship funding and the growth and skills levy.
The proposals aim to allow employers greater flexibility in using levy funds for professional training and modular programmes.
Andrew Harding, secretary general, said: “The Spring Forecast is a vital opportunity for the Government to rebuild confidence and commit to a long-term, pro-growth strategy. We consistently hear from businesses that they need stability, clarity, and policy certainty to plan ahead and invest for growth.
“By ensuring the UK has a competitive business tax framework, simplifying the personal tax system, offering targeted SME support, and driving a step change in skills provision, the Government can send a powerful message for 2026. The UK cannot miss this opportunity to support the SME sector, unlock private investment, raise productivity, and build a stronger, more competitive economy.”
