801 posts categorised "Economy"

22 August 2016

SMEs in the Midlands look to post-Brexit opportunities, but concerns over productivity and systems remain

Two thirds of SMEs in the Midlands want Government to prioritise new trade deals Germany should be the priority EU member for new trade agreements Half of SMEs in the Midlands will continue with planned capital investment in the next 12 months But a fifth have put recruitment plans on...

04 August 2016

Business Rates – Changes for 2017 and beyond

By Phil Vernon From April 2017 1.94m non-residential properties will be revalued for business rates for the first time in seven years. New Rateable Values to be allocated to all commercial properties in England and Wales. Business rates are property-based tax, collected by Local Councils to fund local services. They...

03 August 2016

Working with IT, what is the worst that could happen?

By Scott Hughes I truly believe that I have seen the best and the worst within organisations who engage their IT teams in their business continuity programme. I still see a large disconnect happening between business continuity, as in the wider organisation, and the efforts made by IT teams to...

28 July 2016

Midlands consumers expect disposable income to decrease over next 12 months, but are among most confident in the UK

Consumers in the Midlands expect their household disposable income to fall over the next 12 months, but are more confident than much of the UK, according to a recent survey from PwC. PwC’s regular consumer sentiment survey asked over 2,000 people in England, Scotland and Wales if they expected their...

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....