132 posts categorised "Hot topics"

01 September 2015

China’s economic turbulence: Why we should care

PwC Northern Ireland's chief economist, Dr Esmond Birnie take a close look at the Chinese stock market crisis and asks what it means for Northern Ireland. Napoleon allegedly said, “China is a sleeping giant, let her sleep, for when she wakes she will move the world”. Well, the sleeping giant...

26 August 2015

How worried should we be about China and the global economy?

Recent dramatic events in Chinese stock markets have rippled across global markets and reignited fears of another downward leg to the global financial crisis. PwC chief economist John Hawksworth assesses how bad are things really and what this might mean for the UK economy. China has serious challenges to address...

06 August 2015

Productivity “single biggest challenge” to Northern Ireland’s recovery

Poor productivity remains the single biggest challenge to Northern Ireland’s sustained recovery, according to the latest economic assessment from PwC. PwC’s Northern Ireland Economic Outlook (NIEO) says that, while overall unemployment has fallen by over 10,000 since June 2014, it has remained the highest amongst the 12 UK regions for...

08 July 2015

Accelerated corporation tax payments a 'burden on business".

Commenting on the Chancellor’s proposal to accelerate corporation tax payments by large companies, Martin Fleetwood, PwC tax partner in Northern Ireland said: “This measure will increase government’s 'tax take' in 2017/18 by £4.5bn and 2018/19 by £3.2bn. “That amounts to a significant acceleration of tax receipts into the middle years...

Accelerated corporation tax payments a 'burden on business".

Commenting on the Chancellor’s proposal to accelerate corporation tax payments by large companies, Martin Fleetwood, PwC tax partner in Northern Ireland said: “This measure will increase government’s 'tax take' in 2017/18 by £4.5bn and 2018/19 by £3.2bn. “That amounts to a significant acceleration of tax receipts into the middle years...

07 July 2015

Welfare cuts, tax breaks, Sunday trading – what's the forecast for Northern Ireland’s Summer Budget?

Tomorrow [Wednesday 8 July], George Osborne will deliver the first Conservative Budget since 1996. So, almost two decades after Ken Clarke stood at the dispatch box and delivered a cut in basic-rate income tax and an increase in tax thresholds, what can we expect tomorrow and how might the Summer...

22 May 2015

Northern Ireland’s myriad of property price reports – just who is right?

In a week when three different reports into the Northern Ireland property market delivered three different messages, potential purchasers could be forgiven for looking at least a little confused. PwC Northern Ireland’s chief economist, Dr Esmond Birnie looks at the data: First out of the gate was the Office for...

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...
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