The UK Government needs to have a clearer workforce plan for accounting and finance if it wants to fill the skills gap, says AAT.
In its latest report, in conjunction with Public First, there are also recommendations for Lifelong Learning Entitlement and wider post-16 funding reforms to support flexible progression in accountancy.
The AAT is doing its bit, but is calling for a more joined-up approach.
The new research shows AAT students and members contribute an impressive £3.8bn to the UK economy.
Some 83% of AAT members and students from lower socioeconomic backgrounds report that AAT has helped open doors for them in their careers. And, 19-24-year-olds in the AAT community earn, on average, 11% more than their peers.
Sarah Beale, AAT CEO (pictured), said: “This report clearly shows that AAT’s social and economic impact go hand in hand. But the relationship between opening up access, upskilling and driving growth needs to take a more central role in shaping skills policy. We need an education and skills system built around access and flexibility. Get that right, and the social and economic prize is clear.”
