489 posts categorised "Press releases"

22 July 2015

PwC’s latest economic outlook points to continued rise of ‘Generation Rent’ in the Midlands

Whilst house price growth has slowed down in the Midlands in the last year, average house prices are expected to keep growing at around 5.5% for the rest of the decade, according to PwC analysis in its latest UK Economic Outlook report. In the West Midlands: From a 5.9% growth...

17 July 2015

Twenty senior promotions at PwC in the Midlands reflects major investment in regional team

PwC in the Midlands has strengthened its senior regional team, with six new partners and 14 new directors, reflecting a major investment to support further growth for the firm in the region. 45% of the senior promotions are women, reflecting the company’s commitment to workplace gender equality which was recognised...

14 July 2015

DEAL: Japanese corporate makes landmark acquisition in the Midlands

Nuneaton based automotive testing and engineering consultancy business, MIRA, has been acquired by HORIBA, a Japanese listed company specialising in an extensive array of instruments and systems for applications ranging from automotive R&D, process and environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing and metrology. MIRA was formed in 1946 and...

PwC comments on large companies being forced to publish their gender pay gaps

PwC - one of only a handful of companies to already voluntarily publicly report its gender pay gap - comments on the Government’s plans to force companies with more than 250 workers to publish average salaries for their male and female employees. Katie Warrington, director and head of diversity at...

10 July 2015

Government's Productivity Plan launched - PwC's economists comment

Commenting on the government's Productivity Plan launched today, John Hawksworth, PwC’s chief economist, said: "The UK economy has been an exceptional job-creating machine over the past three years, but productivity growth has lagged behind. The reasons for this are complex, but the government is right to identify this as a...

08 July 2015

Budget 2015: PwC comments on the new National Living Wage

Commenting on the new National Living Wage which is coming in for over 25's, David Wignall, partner and leader of the Human Resource Services team for PwC in Milton Keynes and the South Midlands says: “This is great news for the 1.4 million people currently on the National Minimum Wage...

Budget 2015: Local newspapers get a business rates boost – PwC comments

The expectations of a real modernisation and simplification of the business rates system were raised again in the Budget today. Simon Tivey, head of rating at PwC in the Midlands, commented: “Consultation fatigue is now setting in with yet another set of questions being directed at businesses, representative bodies and...

Budget 2015: PwC comments on plans to restrict tax relief for pension contributions

Steve Blackmore, pensions director at PwC in the Midlands said: “This makes a complicated pensions tax system even more complicated. An ad-hoc change just disengages business leaders from the role of pensions in their organisations. Senior employees may now not bother saving into pensions. It sends a mixed message into...

Budget 2015: PwC comment on central government; Spending Review implications; departmental budgets

Commenting on the implications of the Budget for departmental budgets, the Spending Review and underpinning UK growth: Tina Hallet, head of public sector, PwC, said: "The Budget has flagged productivity and skills plans - the detail will be critical later this week. Dealing with the deficit is as much about...

Budget 2015: PwC comments on Local Government Pension Scheme asset pooling

Steve Blackmore, pensions director at PwC in the Midlands said: “Today’s announcement on asset pooling should go a long way to address the affordability of the Local Government Pension Scheme. The reward for getting this right should add up to £600 million a year across the country. "There are a...

Budget 2015: Office of Tax Simplification gets much bigger mandate

In the Budget book, the Government has said it will establish the Office of Tax Simplification (OTS) on a permanent basis with an expanded role and capacity. The new, expanded OTS will be put on a statutory footing in Finance Bill 2016, and will advise the government on how to...

Budget 2015: PwC - £7.2bn anti-avoidance target will come more from compliance than new measures

Commenting on the raft of anti-avoidance measures announced in the Budget, Stuart Wallace, head of tax at PwC in the Midlands said: "The Government's manifesto had a much trailed target of £5bn from tackling tax avoidance. In the Budget the Chancellor increased the target to £7.2bn but the description has...

Budget 2015: PwC comments on bank levy

Suzi Edwards, Financial Services expert at PwC in the Midlands, said: "The reform and reduction in the bank levy will be welcomed particularly by those banks with large overseas operations. However, the long term phased nature of the reform coupled with the new profits based 8% corporation tax surcharge means...

Budget 2015: PwC comments re. insurance sector

Suzi Edwards, Financial Services expert at PwC in the Midlands, said: “The Summer Budget will largely be viewed as mixed newsby groups in the insurance sector. The Chancellor has shown his commitment to ensuring Britain remains competitive by announcing a cut corporation tax to 18% by 2020. However insurance, particularly...

Budget 2015: PwC Midlands comments on devolution

Mark Smith, regional chairman of PwC in the Midlands says: "We have seen a sustained push in this Budget to 'share the wealth' by devolving powers and budgets to boost local growth. It was good to hear the Chancellor refer to the Midlands as 'the Engine of Growth'. “Decentralisation is...

Budget 2015: PwC comments on impact on automotive sector

Speaking about the impact of the Summer Budget on automotive manufacturers, Phil Harrold, automotive partner at PwC in the Midlands, said: "The change in road tax banding will accelerate the pre-existing trend towards the manufacture and purchase of low emission vehicles. The increased tax on more expensive vehicles may put...

Budget 2015: PwC says entrepreneurs lose out from changes to tax on dividends (tax rate increases by nearly 20%)

Commenting on the changes to the taxation of dividends, Chris Romans, head of private business at PwC in the Midlands, says: "The changes to the taxation of dividends remove the final vestiges of the system introduced in the early 70's where a credit was given for tax paid by the...

Budget 2015: PwC comment on Climate Change Levy Exemption

Jayne Harrold, environmental specialist at PwC in the Midlands said: "The removal of the Climate Change Levy (CCL) exemption will reduce the level of support for renewable projects. CCL is paid by business and public sector customers but can be offset by a Levy Exempt Certificate (LEC) earned by renewable...

Budget 2015: PwC comments on pension changes

Commenting on the Government's announcement that it will launch a consultation to radically change how pensions are taxed, Steve Blackmore, pensions director at PwC in the Midlands, commented: “This review is long over-due as the tax treatment of pensions has got out of hand and is overly complicated. Continual changes...

Budget 2015: Chancellor smooths pace of spending cuts but still a lot of pain to come

New projections by the OBR show that public borrowing will be lower than expected this year, but will then fall more slowly over the next three years as the Chancellor has smoothed the previous rollercoaster path of planned spending cuts. The total amount of fiscal tightening to come will be...