162 posts categorised "Industries"

16 April 2014

The future of retirement: PwC Consumer survey on the future for the UK annuities market

The UK annuities market could decline by up to 75% after the recently announced changes to compulsory annuity purchase come into effect, according to PwC analysis supported by a new consumer survey. The survey, which looks at consumer behaviour of people aged 50-75, reveals that 63% of consumers have or...

15 April 2014

UK Tech Awards 2014: celebrating a thriving tech sector

The tech sector in the UK is clearly performing well at the moment and while there is talk of another bubble, away from the headlines there are many really innovative companies emerging across the UK. These awards are a great opportunity for us to celebrate the achievements of the sector....

09 April 2014

We're looking for GREAT business stories

We’re supporting the UK government’s GREAT campaign by sponsoring three ‘Festivals of Creativity’, celebrating GREAT businesses and their creativity. We’re looking for creative business stories to take to the first festival in Istanbul. GREAT is the UK government’s ambitious international marketing campaign aiming to deliver significant and long-term increases in...

04 April 2014

New car registrations hit 10-year high

As with previous years, March has proven to be a good month for new car registrations. Phil Harrold, automotive partner at PwC in the Midlands, said: “The launch of the 14 registration plate has seen volumes rise to 464,284 registrations, a 17.7% rise on the previous year, mainly in the...

01 April 2014

Manufacturing growth slows in March but confidence remains high - PwC comments

The UK manufacturing sector continued to grow in March 2014, albeit at a slower rate. David Martin, manufacturing expert at PwC in the Midlands, commented: “There is continued good news for the UK manufacturing sector, despite growth figures coming in at over a full index point below forecasts. Read within...

Annuity reform, key implications for the insurance industry

On 19th March 2014, the Chancellor announced that savers would no longer be compelled to purchase annuities upon retirement. This represents one of the biggest changes to the UK pension regime for almost a century. Is this the Armageddon feared by the industry or just an evolution of the pension’s...

31 March 2014

Steady growth continues in financial services - CBI/PwC in the Midlands

Financial services firms’ business volumes continued to grow at a steady pace in the three months to March and investment intentions and optimism firmed, according to the latest CBI/PwC survey. Matthew Fell, CBI Director for Competitive Markets, said: “Financial services firms are growing steadily and are optimistic about their business...

27 March 2014

ONS retail sales data - PwC in the Midlands comments

In response to the publication of today's latest ONS retail sales data, Andy Lyon, partner and retail expert at PwC in the Midlands, said: "February was a strong month for retail sales volumes, continuing the general upward trend seen since the start of 2013. To smooth out month-to-month volatility, the...

24 March 2014

Budget 2014: key outcomes for employers and employees

The Chancellor has delivered the 2014 Budget. The focus understandably was on supporting the recovery with a big emphasis on encouraging saving and making pensions more attractive. There were also some announcements around employee and expatriate tax, as well as other reward issues. 1. Pensions: Significant changes announced to pensions...

Budget 2014: key outcomes for individuals

We look at some of the key announcements from the Chancellor’s 2014 Budget and the impact on individuals. Capital gains tax on UK residential property held by non-residents - From April 2015, following consultation, a capital gains tax charge will be introduced on future gains made by non-residents disposing of...

21 March 2014

myFinancePartner: Working as your business partner

Helping you to meet your goals ... Are you an ambitious small/medium sized business? Are you looking for pro-active business advisory support? Do you want better management information to support your key business decisions? If the answer to any of these questions is yes, then myFinance Partner may be the...

Store closures in the Midlands decrease year on year

Multiple retailers (shops with more than five outlets) in the Midlands closed 2.7 stores per day in 2013, down from 3.3 per day in 2012, according to data compiled for PwC by The Local Data Company (LDC). Year-on-year, the overall store closures in the Midlands have fallen from 1193 in...

19 March 2014

Budget 2014: PwC comments on manufacturing

In light of manufacturing announcements made in the 2014 Budget, David Martin, manufacturing expert at PwC in the Midlands, commented: "The Budget announcement has been good news for manufacturers. The roll back on green taxes and exemption from carbon costs will go a long way to helping businesses become more...

Budget 2014: PwC comments on property taxes

Jonathan Haigh, head of real estate at PwC in the Midlands, said: "The Government has announced the extension of the mansion tax to homes over £500,000 bought through a corporate envelope. "The Chancellor is now using last year's punitive stamp tax on homes bought in 'wrappers' to deter overseas investors...

Budget 2014 - PwC in the Midlands comments on bank levy re-design

HM Treasury's Budget 2014 document reveals plans for bank levy re-design. The government will consult on the merits of a new charging mechanism for the bank levy, where banks are allocated into different bands according to their chargeable equity and liabilities and then charged an amount set for that band,...

Budget 2014 Prediction Comment: Property Predictions

Ahead of the Budget on Wednesday 19th March, Jonathan Haigh, director and head of real estate at PwC in the Midlands, comments on what the Chancellor may have in store for the property sector: “We could well see further tax rises on super prime property, which would appeal to both...

14 March 2014

Less than half of people in the Midlands are loyal to their traditional bank

A PwC-commissioned poll* of 312 people in the Midlands has revealed that less than half (42%) of people are loyal to their traditional banks. Around a third (35%) think that challenger banks are a good alternative to banking and a quarter (27%) think that challenger banking provides a fresh approach...

11 March 2014

Defined contribution pensions: Getting more from managing your risks

In this webcast, HRS Partner, David Wignall is joined by defined contribution pensions (DC) specialists Sean Beattie, Richard Smith and Aimée Walker. They discuss the significant cost of DC schemes to your business and the new and growing risks that you as an employer or trustee have to manage. They...

10 March 2014

Infographic: Where next for UK financial services? Part 2: Regions of opportunity

The “Where next for UK financial services? Part 2: Regions of opportunity” report analyses what a future FS sector might look like if a robust regulatory regime that facilitates FS sector growth is combined with favourable economic conditions. To download the full The “Where next for UK financial services? Part...

06 March 2014

Consumer confidence drives new car market as registrations hit two-year growth milestone

UK new car registrations in February point towards increasing consumer confidence and raise expectations for a strong 14-plate performance in March. Phil Harrold, automotive partner at PwC in the Midlands, commented: “The continued rise of new UK registrations in February reflects the increasing confidence in the economy amongst consumers coupled...