598 posts categorised "Press releases"

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...

21 July 2016

Retail sales data, July 2016 - Andy Lyon from PwC comments

In response to the latest retail sales data, Andy Lyon, partner and retail expert at PwC in the Midlands, commented: “Retail sales fell back in June after their strong growth in April and May, in part due to wet weather in June depressing clothing sales. However, monthly data are always...

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...

14 July 2016

Game developers, app inventors and clinical researchers celebrated at Creative Class 2016

A diverse range of businesses were praised for their innovation, dedication and exciting work in Nottingham during the Creative Class 2016 event (7 July), celebrating the next generation of creative businesses in the city. The Creative Class 2016 line up – or #CC2016 – was announced at the Nottingham Contemporary...

07 July 2016

PwC in the Midlands strengthens its regional team with over 200 promotions

PwC strengthens senior team in the Midlands with 9 new partners and 14 new directors Investing in the next generation: 190 promotions from senior associate up to senior manager PwC in the Midlands has promoted 207 people in its regional team, signalling its commitment to investing in its people and...

04 July 2016

12 companies in Midlands region shortlisted in UK Private Business Awards 2016

12 of the most successful and innovative private businesses operating in the Midlands region have been shortlisted for the sixth annual UK Private Business Awards, often referred to as the Diamonds. The finalists have been selected from over a thousand entries from private businesses across the UK and reflect the...

01 July 2016

PwC in the Midlands comments on the latest CIPS UK Manufacturing PMI

Commenting on the latest CIPS UK Manufacturing PMI, Cara Haffey, Midlands’ industrial products partner and PwC’s UK Head of Industrial Manufacturing, said: "I’m delighted to see the improvement in the UK manufacturing sector for June, which demonstrated the single biggest monthly increase in 2016. It was particularly welcome 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...

21 June 2016

Optimism wanes among financial services firms for second consecutive quarter – CBI/PwC

Growth in business volumes holds up Optimism among firms in the financial services sector fell for the second consecutive quarter in the three months to June, amid stronger competition, rising uncertainty about demand and slowing profits growth, according to the latest CBI/PwC Financial Services Survey. The quarterly survey of 111...

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,...

The Local State We’re In 2016 – hopes for devolution up, but challenges remain

A fifth of local authority chief executives and council leaders across the UK expect to have additional devolved powers by 2020, but more than eight-in-ten (85%) also warn that they face serious financial challenges over the same period. Despite the financial pressures on councils, 47% of citizens in the Midlands...

14 June 2016

East Midlands Deals update: PwC supports Belvoir Lettings Plc in its acquisition of Northwood (GB) Limited

PwC is proud to have supported AIM listed group Belvoir Lettings Plc in its acquisition of privately owned residential lettings business, Northwood (GB) Limited. The transaction adds a further 86 franchise offices to the Belvoir portfolio positioning the Group as the largest UK franchised network of lettings and estate agencies...

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...

02 June 2016

The economics of sport: PwC study seeks to predict Olympic medals tally

GB loses home advantage, but still set to finish fourth with 52 medals US to lead the way with 108 medals followed closely by China with 98 Economic size matters in medal tally – but David can still beat Goliath Brazil team should benefit from ‘host nation’ effect, winning 25...

01 June 2016

UK/EU Markit PMI Manufacturing figures - PwC's manufacturing leader comments

Cara Haffey, PwC's UK industrial manufacturing leader, commented on the Markit PMI Manufacturing figures released today (1 June): "The latest PMI figures are undoubtedly disappointing for the manufacturing community, particular in relation to new orders. Customers seem to be emptying out their supply stores rather than re-ordering and re-basing their...

26 May 2016

Over 300 employees at PwC in the Midlands take part in firm-wide volunteering day

More than 300 staff from PwC in the Midlands have volunteered their time for local community projects in support of the firm’s UK-wide charity day. PwC’s One Firm One Day, which took place on Friday 20th May, is a dedicated volunteering day that takes place every year. It gives staff...