Key Points

WHAT IS THE ISSUE?

The UK is about to enter a period of great change and to survive and thrive we need to also think about what will be the equivalent of ‘new metal alloys’ for our profession.

WHAT DOES IT MEAN TO ME?

Advisers need to become increasingly technologically confident as well as maintaining their technical skills.

WHAT CAN I TAKE AWAY?

The tax industry is changing rapidly, and advisers should be analysing what new skills they need to stay up to date.

In September 1962, seven years before they put a man on the moon, US President John F Kennedy gave a speech at the Rice Stadium about his plans to reach the moon, and the technology they would need to develop to do this: ‘We shall send to the moon, 240,000 miles away from the control station in Houston, a giant rocket more than 300 feet tall, the length of this football field, made of new metal alloys, some of which have not yet been invented, capable of standing heat and stresses several times more than have ever been experienced, fitted together with a precision better than the finest watch, carrying all the equipment needed for propulsion, guidance, control, communications, food and survival, on an untried mission, to an unknown celestial body, and then return it safely to earth’.

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