The Chartered Institute of Public Finance and Accountancy (CIPFA) president Jaki Salisbury has called on its members and the government to work together with tax payers to bring about reforms that can rebuild the UK economy.

At the institute’s annual conference being held in London, Sailsbury said the theme chosen this year, ‘Beyond austerity: designing the future state’, poses a great challenge for CIPFA, namely the reform of the UK public services.

In her speech Salisbury acknowledged that in the current economic situation organisations are pushed to focus on short term challenges and that there is little residual capacity to plan for the future.

Referencing the ongoing riots in Istanbul and São Paulo, Salisbury stated that it is critical for politicians and public services to keep the public well informed and listen to their views regarding how funding should be allocated and where cuts are made. "If maintaining a serious dialogue with multiple stakeholders throughout the country poses challenges for Whitehall and Westminster, perhaps that is the cue for a dash of localism to be part of the solution." Salisbury added.

Salisbury said the local government has taken on considerable additional risk and responsibility with the localisation of business rates and council tax benefits.

As her final point, Salisbury reminded CIPFA members that they are "uniquely well placed to help explore this terrain, equipped as we are not only with financial and accounting expertise but also with a strategic perspective that encompasses a genuine understanding of the impact of policy on front line public services."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from The Accountant.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.