797 posts categorised "Economy"

20 July 2016

Know your business partner - how do you know you're choosing the right one?

by Christopher Nason, Director, Corporate Intelligence  One of the early challenges for many businesses entering a new market for the first time is finding suitable local business partners. In some, Eastern Europe, Middle East, South America and East Asia jurisdictions for example, there is an increasing legal obligation to have...

19 July 2016

UK should avoid severe recession or house price crash despite growth downgrades following Brexit vote

Real GDP growth projected to slow to around 1.6% in 2016 and 0.6% in 2017, but should gradually recover thereafter as the initial shock from the Brexit vote fades Alternative scenarios suggest growth in 2017 between around +1.5% and -1%, but no severe recession of the kind seen in the...

30 June 2016

GDP data - PwC comments

John Hawksworth, chief economist at PwC, commented: "Today's revised GDP data confirmed a modest slowdown in the first quarter of this year as consumers kept spending but business investment fell back. This probably reflected global uncertainties earlier this year as much as concerns over the EU referendum. "UK growth was...

24 June 2016

EU referendum - PwC comments on the tax implications of leaving the EU

Commenting on the potential tax implications of the UK leaving the EU, Kevin Nicholson, head of tax at PwC, said: “Brexit will undoubtedly affect how people and businesses are taxed. The UK will now have more scope to use tax to help particular industries, regions, and groups of people. In...

EU referendum - PwC comments on the economic impact on the UK

Commenting on the likely economic impact of the UK decision to leave the EU, Andrew Sentance, senior economic adviser at PwC, said:   "The UK leaving the EU is potentially a big leap into the unknown, disrupting trade relationships with our most important and nearest trading partner and creating uncertainty...

Statement from Matthew Hammond, regional chairman at PwC in the Midlands, regarding the UK’s decision to leave the EU

Statement from Matthew Hammond, regional chairman at PwC in the Midlands, regarding the UK’s decision to leave the EU: ‘The UK’s decision to leave the EU will have significant implications for businesses and we are already working with our clients and our people to support them as those implications are...

16 June 2016

Retail sales data, June 2016 - Andy Lyon at PwC comments

In response to the latest retail sales data, Andy Lyon, partner and retail expert at PwC in the Midlands, commented: “After a soft patch in February and March, retail sales volumes bounced back strongly in April and May. UK consumers, buoyed by the strong fundamentals of jobs growth and rising...

15 June 2016

Labour market figures - PwC's chief economist comments

In response to today’s UK labour market figures, John Hawksworth, chief economist at PwC, commented: “Employment continued to rise and unemployment to edge down in the three months to April 2016, but the pace of improvement has slackened since last year. This probably reflects a combination of global economic uncertainty,...

14 June 2016

UK House Price Index, June 2016 - PwC comments

Commenting on the new UK House Price Index, Richard Snook, senior economist, PwC, said: New ONS house price series shows average home is £80,000 cheaper than previously estimated “Today marks the launch of the revised Office for National Statistics (ONS) house price index, which makes use of a new methodology...

04 May 2016

EVENT: Midlands Financial Services FinTech Briefing - 17 May

Date: Tuesday 17 May 2016 Time: 8am registration and breakfast for 8.30am start Location: iCentrum, Innovation Birmingham Campus, 6 Holt Street, Birmingham Science Park Aston, Birmingham, B7 4BP This briefing will focus on how FinTech is shaping the Financial Services industry in the UK. This has become a critical subject...

20 April 2016

Gender pay gap reporting – the facts

By Nina Morrell The Government recently published draft regulations which will require certain employers to publish how much they pay to their male and female staff. Not only will employers be required to publicly disclose this information but their results will also feature in league tables where they will be...

12 April 2016

ONS House Price Index, April 2016 - PwC comments

Commenting on the ONS house price figures out today, Richard Snook, senior economist, PwC, said: Strong real house price rises add to pressure on Generation Rent “The latest ONS housing market estimates show that average UK house prices rose by 7.6% in the year to February. House prices are still...

11 March 2016

PwC Pension Scheme Funding Survey 2016 - your chance to take part

Following the success of our previous Pension Scheme Funding Surveys, we're now looking to gather information on the most recent trends and expectations for recent scheme funding valuations. This year's survey will help you benchmark your assumptions and give you insight into what was important for others during their funding...

25 February 2016

New European Banking Authority guidelines on remuneration policies mean tougher rules on pay

By Katy Bennett The new European Banking Authority (EBA) guidelines on sound remuneration policies mean tougher rules on pay for EU banks and some asset managers from 1 January 2017. Many changes have been introduced within a complex set of guidelines. Firms will be impacted differently depending on their size,...

24 February 2016

Tax authorities are questioning whether the activities of your internationally mobile workforce reflect the profits attributed to that territory?

By Rebecca Nordone The OECD’s Base Erosion and Profit Shifting (BEPS) project is changing the international tax environment. It focuses on the prevention of non-taxation of profits that can arise due to ‘differences’ between domestic tax systems. At first glance this may appear solely a corporate tax issue, but tax...

The Apprenticeship Levy

By Nina Morrell Last year the Government announced its plans to increase the quantity and quality of apprenticeships. They have committed to an additional 3 million apprenticeship starts in England by 2020. They will achieve this objective, in part, through funding created as a result of the new Apprenticeship Levy....

18 February 2016

Spotlight on gender pay – what do new regulations mean for employers?

By Ed Stacey Following a period of consultation, the Government has released draft regulations confirming the all-important details of compulsory gender pay reporting. Whilst still subject to further consultation, this latest publication provides vital insight as to the impact of the regulations on employers. The introduction of mandatory gender pay...

16 February 2016

Hundreds of schemes might be overpaying on their PPF Levy

By Nadeem Ladha In 2005, when the Pension Protection Fund (PPF) was set up, the thinking was progressive but simple. The objective was to create a lifeboat fund for UK defined benefit occupational pension schemes, funded by compulsory insurance premiums, to protect the UK’s defined benefit pension scheme members. In...

12 February 2016

Event: Travel Security - Doing the right thing for your staff and students

Timings: 8:00 am for 8:30 am Date: Wednesday 13th April Location: PwC Cornwall Court, Birmingham In a world where security-related incidents are not only confined to higher risk territories, affecting European cities and other lower risk rated areas, it is clear that security is a crucial consideration. With this in...

11 February 2016

Getting the most out of your data - An opportunity for the Housing Sector to explore Data Governance

For many organisations in the sector there is a challenge around understanding what data you hold, where it is, the quality of it and what value you can gain from it. Your system landscape is often complex, comprising of core systems (Housing management, Property Development, Repairs & Maintenance, Tenancy management...