416 posts categorised "Press releases"

22 December 2014

Riviera announces investment from Phoenix Equity Partners

Riviera Travel (“Riviera”), one of the UK’s leading providers of overseas escorted tour holidays and river cruises, today announces an investment by Phoenix Equity Partners ("Phoenix"), a leading UK middle-market private equity firm. Terms of the transaction are not disclosed. Riviera, founded in 1984, will be led by David Clemson...

Cash is king for Midlands employees at Christmas bonus time

Employees in the Midlands would overwhelmingly choose a small cash bonus over spending more time with their family this Christmas, according to new research from PwC. PwC asked 2,400 UK adults what bonus they would value the most this Christmas and, of the 340 surveyed in the East and West...

19 December 2014

Clock is ticking for students entering £20k PwC tax reform competition

Deadline for the best idea on UK tax reform is 5 January 2015 Midlands students are being urged to get their thinking caps on now if they are to be in with the chance of scooping a £20,000 prize from PwC for the best suggestion on how the UK tax...

10 December 2014

UK tops Christmas spend among major Western economies

Of the major Western economies over the Christmas period, the UK consumers lead the way, spending around $1,100 (£700*) per person, a third more than shoppers in the US, according to new analysis in PwC’s latest 'Global Economy Watch'. Last year, for example, total spending over the Christmas period in...

09 December 2014

PwC comments on ONS October 2014 Index of Production figures

Commenting on the Office for National Statistics' October 2014 Index of Production, David Martin, manufacturing expert at PwC in the Midlands, said: "The ONS figures released today show that production remains up year on year by 1.1% from October 2013 to October 2014. This is welcome news for the success...

03 December 2014

Autumn Statement 2014: Good news for businesses and families on environmental taxes

By Jayne A Harrold, Midlands indirect tax senior manager Lots of good news for businesses and families on the environmental tax front today as costs are reduced in a number of areas, but it remains to be seen what environmental impact these reductions may have. Carbon price floor: CHPs excluded...

Autumn Statement 2014: Jonathan Haigh comments on impact of stamp duty changes

Residential impact Commenting on the overhaul of the stamp duty rates in the Chancellor's Autumn Statement, Jonathan Haigh, real estate expert at PwC in the Midlands, said: “People buying an average home will have more money to spend if they complete on their purchase tomorrow. On a £300,000 house- the...

Autumn Statement 2014: Karl Harriman comments on changes to personal tax and anti-avoidance measures

Personal tax changes Karl Harriman, tax partner at PwC in the Midlands, said: "The Chancellor continued his theme of raising the income tax personal allowance above the rate of inflation, with a further increase announced to £10,600. This rise is almost 5% above the rate of inflation, and means that...

Autumn Statement 2014: David Martin comments on impact on manufacturers

In response to the Autumn Statement, David Martin, manufacturing expert at PwC in the Midlands, commented on the impact on manufacturers: "The additional support being offered for investment in research and development and the creation of funds to encourage more UK manufacturers to export will be warmly welcomed by UK...

Autumn Statement 2014: Chris Romans comments on measures for small businesses and entrepreneurs

In response to the Chancellor’s announcements on support for small and medium sized businesses, Chris Romans, tax partner and head of private business at PwC in the Midlands, commented: "Small and medium businesses, the majority of which are outside London, might be excused for feeling like the Cinderella part of...

Autumn Statement 2014: Leon Mayfield comments on the introduction of student loans for post graduate students

Education expert at PwC in the Midlands, Leon Mayfield, said: “We really welcome the Chancellor's move to offer a student loan for postgraduate degrees. The HE Commission reported on this issue in Autumn 2012 and recommended that the Government needed to find a way to help people to take their...

Autumn Statement 2014: Steve Blackmore comments on new state pension amount

The Government has announced that the new state pension will be at least £151.25 per week, with the actual amount to be confirmed this time next year. Steve Blackmore, pensions expert at PwC in the Midlands, said: "While it's interesting to know the minimum level of the new single tier...

Autumn Statement 2014: Simon Tivey comments on how Business Rate changes will make shopkeepers happy

Responding to the Chancellor's announcement on Business Rates today, Simon Tivey, partner at PwC in the Midlands, said: "The Autumn Statement has provided further support for SME's following on from the raft of measures announced last year. "As predicted, the annual inflationary increase will again be pegged at 2% for...

Autumn Statement 2014: Steve Blackmore comments on changes to joint-life annuities

Commenting on the tax changes to joint-life annuities when they are passed on to a spouse after death, Steve Blackmore, pensions expert at PwC in the Midlands, said: "The abolition of the death tax on joint-life annuities will boost the attractiveness of annuities and level the playing field with income...

In advance of the Autumn Statement, Simon Tivey, partner and business rates specialist at PwC in the Midlands, predicted:

"The extension of the Small Business Rate Relief scheme has to be a must. It would be very difficult to reverse having been running in its present form since Oct 2010. "360,000 properties under £6000 Rateable Value pay nothing, and a further 180,000 properties under £12,000 get relief. Cost of...

28 November 2014

PwC in the Midlands predicts limited surprises in this year’s Autumn Statement

Ahead of the Chancellor’s annual Autumn Statement on Wednesday 3 December, Stuart Wallace, head of tax at PwC in the Midlands, said: “The Autumn Statement is a statement of intent. Any announcements will need to have been agreed across the Coalition, so this close to the Election the scope for...

Tips for online security ahead of Cyber Monday

Ahead of Cyber Monday on 1 December 2014, PwC in the Midlands is warning consumers and businesses to take extra steps to ensure their cyber security. Cyber Monday is the busiest online shopping day of the year and PwC experts are advising consumers to take extra caution when buying Christmas...

27 November 2014

PwC’s pensions team advises on pension increase exchange leading to landmark buy-out deal for 22,000 of TRW Automotive’s pensioners

PwC’s pensions team were corporate advisors to TRW Automotive (TRW) for the pensioner offers which helped to facilitate its landmark £2.5bn partial buy-out transaction with Legal & General for 22,000 retired members of its UK defined benefit pension scheme. The deal allows TRW to transfer all risks associated with these...

Midlands’ cities scoring well in latest 'Good Growth for Cities' index

Most cities in the Midlands are holding up well in an annual index of UK cities’ performance and with strong scores in terms of health, transport and environmental measures. These are the results of the 2014 'Good Growth for Cities' index, which is produced by PwC and think tank Demos....

26 November 2014

Total Tax Contribution of Britain’s Biggest Businesses Hits Record High

£80bn contribution to exchequer this year, up £2bn on 2013 Marginal increase in taxes borne, despite fall in corporation tax rate While less tax generated per employee, increase in total employment tax The overall tax contribution of the UK’s largest companies in 2014 is the highest level ever recorded. Taxes...