275 posts categorised "Press releases"

21 November 2014

UK slips down global tax league, but remains in the world’s Top-20

The latest annual PwC, World Bank and IFC, Paying Taxes study shows that the UK has fallen two places to 16th place in a league table of 189 countries, worldwide. That’s still two places up on 2011 when the UK was in the number 18 spot. The Republic of Ireland...

20 November 2014

Northern Ireland R&D spending hits record high

Northern Ireland saw the highest ever Research and Development (R&D) expenditure in 2013. Total R&D spend in cash terms was up by 3% from £624 million in 2012 to £645 million in 2013. This was equivalent to a 2% increase in real terms. Over the year, total Business R&D expenditure...

Retail sales up, but growth trend is slowing

UK retail sales rose by 0.8% October as compared with September, according to data from the Office for National Statistics (ONS), published today. ONS said that sales were up 4.3% in October 2013 and there was growth across all retail sectors. Commenting on the ONS figures, Dr Esmond Birnie, PwC’s...

12 November 2014

Falling consumer spending and low productivity will slow Northern Ireland’s recovery

Northern Ireland’s economic growth is set to slow over the next 12 months, according to the latest UK Economic Outlook (UKEO) from PwC, published today [12 November 2014] PwC says that Northern Ireland’s economic growth in 2014 - forecast as around 2.2%, is being largely driven by consumer spending, rather...

10 November 2014

Companies failing to measure cost and value of employees working overseas.

Businesses invest millions sending employees on global assignments but often don’t measure either the cost or the return on their investment, according to a new report from PwC. Consequently, nearly six in ten organisations say their global mobility programmes currently do not deliver value for money. PwC’s Modern Mobility report...

06 November 2014

Landmark ruling means it’s time to look again at holiday pay

Craig Harrison, a tax and reward expert with PwC in Northern Ireland looks at yesterday’s Employment Appeals Tribunal ruling that non-guaranteed overtime payments should be taken into account when calculating holiday pay. UK workers have won a landmark Employment Appeal Tribunal (EAT) case that potentially requires employers to include overtime...

05 November 2014

PwC Northern Ireland headcount hits 1,000 – with more to come.

PwC’s Northern Ireland employee numbers have now topped 1,000, having increased by over 300 inside the past two years. The latest intake of 30 new staff, fresh from their induction training, takes current employee numbers to 1,020. PwC has two offices in Northern Ireland, at Waterfront Plaza in Belfast and...

03 November 2014

Living Wage increase leaves Minimum Wage 21% behind

The UK Living Wage has today been raised from £7.65 to £7.85 and from £8.80 to £9.15 in London, contrasting with the National Minimum Wage of £6.50. The new rate – which is a voluntary pay threshold paid by around 1,000 UK employers - was announced at the start of...

Farry congratulates PwC Data Analytics Academy graduates

Employment and Learning Minister Dr Stephen Farry has hosted an awards ceremony for graduates who successfully completed PwC’s Data Analytics Academy. The Academy, which was funded by the Department’s Assured Skills Programme, was a partnership between PwC, the Department for Employment and Learning (DEL) and Belfast Metropolitan College. The Academy...

22 October 2014

Firms could face prosecution for failing to prevent economic crime.

Under new proposals, Westminster is considering legislation whereby UK companies could face a criminal prosecution if they fail to prevent economic crime, according to PwC forensics partner Ian McConnell. Jeremy Wright, who became Attorney General in July 2014, told a recent conference in Cambridge that the government was, “considering proposals...