125 posts categorised "Hot topics"

24 March 2015

UK inflation hits zero as Northern Ireland property prices rise

Consumer price index (CPI) inflation fell to zero in February - the lowest level since CPI records began in 1989. At the same time, new data suggest that property price inflation accelerated in Northern Ireland to reach 7.3% in the year to January 2015, February’s CPI inflation was widely expected...

UK inflation hits zero as Northern Ireland property prices rise

Consumer price index (CPI) inflation fell to zero in February - the lowest level since CPI records began in 1989. At the same time, new data suggest that property price inflation accelerated in Northern Ireland to reach 7.3% in the year to January 2015, February’s CPI inflation was widely expected...

23 March 2015

Average UK household debt to hit £10,000 by the end of 2016

The average UK household will owe close to £10,000 in unsecured debt by the end of 2016, according to PwC’s latest report on the Consumer Credit market. The report, Precious Plastic: How Britons fell back in love with borrowing; published today [Monday 23 March] says that, in cash terms, UK...

18 March 2015

Budget 2015 - PwC's video summary for Northern Ireland

Delivering his sixth and final Budget Statement 50 days before the general election, George Osborne told the House that the UK was "growing, creating jobs and paying its way" and that his objective was to create "the most prosperous economy in the world." For Northern Ireland, that translated into a...

Budget 2015: Budget has a few gimmicks but no real giveaways.

Commenting on the relatively small amount of new Budget 2015 cash to Northern Ireland, Dr Esmond Birnie, PwC Northern Ireland chief economist said: “While Northern Ireland gets £11m, that’s less than we might have expected; and with Scotland and Wales also only getting £31m and £18m respectively, the Barnett Formula...

Budget 2015: PwC comments on changes to pensions annuities' arrangements

Responding to the announcement that the government will extend its pension freedoms to existing pensioners, permitting them to sell their annuities, PwC tax partner Martin Fleetwood, said: “We welcome greater freedom of choice and flexibility within the pensions annuity market. “However, it remains to be seen how the industry will...

Budget 2015. Hints and leaks suggest the Chancellor has his eye on the election.

With just hours to go before he delivers his sixth and final Budget Statement in advance the May election, Chancellor George Osborne had already promised “no giveaways, no gimmicks.” But what he hadn’t promised were no hints and no leaks and today’s front pages are not short of either. First...

11 March 2015

New technologies drive new jobs in Northern Ireland and the UK regions

Over 5% of all Northern Ireland workers are in jobs that didn’t exist in 1990, according to a new report from PwC. PwC’s latest UK Economic Outlook (UKEO) says that, across the UK, around 6% of the workforce currently have jobs that didn’t exist in 1990. These range from software...

02 February 2015

Good growth and Belfast as a regional capital

By Nick C Jones and Esmond Birnie Which city in the UK is sixth in our Good Growth for Cities Index and also on the ONS’ latest estimates of GVA per capita? The answer is, of course, Belfast. But how many investors, visitors and potential workers and residents know this?...

22 January 2015

Qantitative Easing - what is it and how does it work?

On 22 January 2015, the European Central Bank (ECB) launched a €60bn monthly quantitative easing (QE) programme intended to challenge Eurozone economic stagnation. The QE programme will begin in March 2015 and last until the end of September 2016 and wil lcost around €1.1 trillion. On 5 March 2009, the...