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52 press releases from March 2010

31 March 2010

It's no April Fools trick as law for naming and shaming goes live

Taxpayers and companies who deliberately evade taxes face having their name, address and details of their evasion made public after new legislation was put into...

30 March 2010

Top-up charges for public services could potentially fill half of UK fiscal gap, says PricewaterhouseCoopers LLP

The use of top-up charges by government has so far received little attention, yet is an area where Britain raises less revenue as a percentage...

29 March 2010

Consumers pin recovery hopes on World Cup win

Feel good factor will boost economy Victory would drive up domestic football attendance The recession has been a fierce opponent but one in five UK...

Consumers pin recovery hopes on World Cup win

Feel good factor will boost economy Victory would drive up domestic football attendance The recession has been a fierce opponent but one in five UK...

Game on-line: World cup 2010 boosts betting

- Number of punters to double – including women - Bet-in-play activity may become mainstream After a season of poor results for the bookies, and...

Growth in UK financial services activity stagnates, but profitability continues to improve

Activity in the UK financial service sector was broadly stable over the past three months, somewhat better than expected, and firms hope to see much...

Come sun, rain, or high wind: Europe could create a 100% renewable electricity supply by 2050

A new study, released this week, demonstrates how the opportunity exists to power Europe and North Africa exclusively by renewable electricity by 2050, if this...

26 March 2010

Birmingham Development Company Limited and Build Ability Limited – in administration

Mark Batten, Matthew Hammond and Peter Spratt, of PricewaterhouseCoopers LLP, were appointed joint administrators of Birmingham Development Company Limited (“BDC”) and Build Ability Limited on...

PwC comments on the Retail Distribution Review rules released today by the FSA

Commenting on the Retail Distribution Review (RDR) rules released today by the FSA, Chris Carson, partner, PricewaterhouseCoopers LLP, said: "In the RDR rules released today,...

New entrants set to emerge as the main winners from the Retail Distribution Review, says PwC

As the FSA prepares to announce the final recommendations from its Retail Distribution Review (RDR), PricewaterhouseCoopers LLP (PwC) anticipates that new retail market entrants could...

25 March 2010

Rail strikes and employee absenteeism - PwC offers advice on home working

The rail strikes announced today for Tuesday 6 April - Friday 9 April will avoid the Bank Holiday weekend, but may now cause many companies...

Budget Report 2010: Business gets an extension to Business Payment Support

Businesses will welcome news in the Budget on the extension of the Business Payment Support Service, which was initially introduced in November 2008, and will...

24 March 2010

Budget Report 2010: Consortium group relief to be extended next Parliament

The Chancellor’s Budget today announced the extension of consortium group relief in the next Parliament for joint venture shareholdings held via EU/EEA non-UK based subsidiaries....

Budget Report 2010: Claims for some charitable donations need to be made by next week

Following today’s Budget speech, Peter Cussons, head of EU tax at PricewaterhouseCoopers LLP comments on announced changes to charitable donations, and advises those with potential...

Budget 2010: Developers need a green fund, more than a green bank

UK needs to invest around£1500 per taxpayer in infrastructure per annum over the next ten years. Green bank funding needs to underwrite early stage development...

Budget 2010: Enterprise: A Budget to secure recovery?

In response to the announcements made today in the Chancellor of the Exchequer’s Budget statement, Mary Monfries, head of Private Business at PricewaterhouseCoopers LLP, said:...

Pre-election Budget Report 2010: 50% income tax rate confirmed

In response to the announcements made today in the Chancellor of the Exchequer’s Budget confirming no further changes to the 50% income tax rate applying...

Pre-election Budget report 2010: PwC head of public sector comments

In response to the announcements made today in the Chancellor of the Exchequer’s Budget report, Jon Sibson, partner and head of government and public sector,...

Budget 2010: Pensions

In response to the announcements made today in the Chancellor of the Exchequer’s Budget regarding pensions, Raj Mody, partner and chief actuary, PricewaterhouseCoopers LLP, said:...

Budget Report 2010: Tax relief for entrepreneurs

Following today’s announcement by the Chancellor to extend entrepreneurs’ tax relief, Clive Mackintosh, tax partner, PricewaterhouseCoopers LLP, said: “Businessmen and women will be pleased at...

Pre-election Budget 2010: Budget postpones tough decisions on tax and spending

The Budget today projected a slightly improved outlook for public borrowing, but analysis by economists at PricewaterhouseCoopers LLP (PwC) suggests that additional tax rises or...

Budget 2010: PwC: Chancellor delivers measures for small business, but postpones major spending and taxation decisions

Following the announcements made by the Chancellor of the Exchequer in today’s Budget Report, Barry Marshall, UK head of tax at PricewaterhouseCoopers LLP, said: "Understandably,...

Budget 2010: PricewaterhouseCoopers LLP experts offer instant reactions online

12:30pm The Chancellor rises to speak 12:42pm Instant reaction on growth £2.5bn one-off growth package for small business - Mary Monfries head of private business...

23 March 2010

As rent due date looms, company voluntary arrangements are not the only way out, says PwC

In advance of Thursday's quarterly rent payments falling due, Mike Jervis and Barry Gilbertson, partners at PricewaterhouseCoopers LLP, have the following insights into the challenges...

22 March 2010

Pre-election Budget Report 2010: PwC experts provide their wish-list ahead of Budget

This year’s Budget speech is set ahead of a general election, in the midst of the recession and rising fiscal debt, but it’s not all...

Pre-election Budget Report 2010: employers delaying pension decisions until after Budget and Election

Employers are putting off decisions about changes to their workplace pension arrangements until after the Budget and General Election, in case of further changes or...

Ineffective corporate reporting could drive potential investors away, says PwC report

· Disconnected reporting raises questions about management and governance · Key stakeholders not being told what they really need to know · Companies more vulnerable...

Two in five workers will watch 2010 World Cup matches screened in office hours

Over half (53%) of working males and one in five females (21%) intend to watch the 2010 World Cup matches scheduled to take place during...

20 March 2010

Public Debt Sustainability: UK faces serious fiscal challenges, but not as severe as some other countries says PwC

The Greek fiscal crisis has focused minds on the wider question of public debt sustainability and the UK, with an annual budget deficit close to...

19 March 2010

Pre-election Budget Report 2010: access to finance and stability are the main priorities for enterprise

Access to finance, along with stability and certainty in the tax system, are the main concerns for enterprise, as we await the pre-election Budget on...

PwC responds to consultation announcement on boosting confidence in pre-packs

In response to the Business Minister’s announcement today that the Government will consult on new measures to boost confidence in the ‘pre-packaged’ administration process as...

PwC calls on European Parliament to reconsider the objective of adopting the AIFMD in one reading

The AIFMD ECOFIN deadlock presents a significant opportunity for the European asset management industry to create additional pressure for consideration of further changes to the...

18 March 2010

Budget deficit could undershoot Treasury forecast by around £5 billion in 2009/10 based on latest public borrowing figures, says PricewaterhouseCoopers

This morning's public borrowing figures show a budget deficit (PSNB including financial transactions) for February 2010 of £12.4bn, which was up from £8.8bn in February...

17 March 2010

10% of FTSE 100 pension deficits to be plugged by property or other non-cash funding this year

Significant numbers of FTSE 100 companies are looking to directly or indirectly fund their pension scheme deficits with non-cash assets, such as real estate, intellectual...

Pre-election Budget Report 2010: The PricewaterhouseCoopers LLP racecard

So what can the Chancellor of the Exchequer pull out of the bag as the pre-election Budget Report gets underway. The betting on a Budget...

16 March 2010

Hydro powering renewables deal-making, according to PricewaterhouseCoopers report

Renewable energy is accounting for an increasing slice of overall M&A activity in the power utilities sector. Deal numbers and total M&A value in the...

First UK ‘outstanding’ environmental rating for an office building achieved by new PwC London site

PricewaterhouseCoopers LLP building ‘raises the bar’ for sustainable office design Energy performance provides a 70% improvement on building regulations with an EPC ‘A’ rating 25%...

11 March 2010

New climate network to link developing countries and drive adaptation and mitigation policy development

Department for International Development (DFID) launch Climate and Development Knowledge Network The UK, through DFID, is funding the project with £50m over five years The...

10 March 2010

Foreign investment in central and eastern Europe takes a major knock;recovery will be gradual, warn PwC economists

Five bumper years of foreign direct investment (FDI) in Central and Eastern Europe took a hammering last year as the effects of the credit crunch...

Budget Report 2010: PricewaterhouseCoopers LLP experts available for comment

The following experts from PricewaterhouseCoopers LLP (PwC) are available to offer analysis and comment in the lead up to, and on the day of, the...

09 March 2010

PwC says additional tax rises or spending cuts of around £20 billion needed by 2013/14

UK economy expected to show modest average GDP growth of around 1% in 2010, picking up to around 2.5% in 2011 Additional tax rises or...

08 March 2010

Londoners say men and women are equal, but women must work harder and longer to get to top

International Women's Day - 8th March 2010 Recession could reverse equality progress Job insecurity breeding self-protection, presenteeism, and a tougher fight to the top for...

PwC comes fourth in Sunday Times Best Companies survey

PricewaterhouseCoopers LLP (PwC), the UK’s largest professional services firm, has come first of the major professional services firms in the annual Sunday Times Best Big...

44% of men think women are equal for the most senior jobs, compared with only 23% of women

International Women's Day - 8th March 2010 Recession could reverse equality progress: job insecurity breeding self-protection, presenteeism, and a tougher fight to the top for...

05 March 2010

Swayfields Limited and Swayfields Extra MSA Holdings Limited – in administration

Ian Green, Rob Hunt and Ed Macnamara of PricewaterhouseCoopers LLP were appointed joint administrators to Swayfields Limited and Swayfields Extra MSA Holdings Limited (“the Group”)...

Higher headline savings rate in 2009 driven by temporary factors and does not signal strong consumer spending growth ahead, says PwC

The most striking feature of the UK national accounts data for Q3 2009 was the sharp rise in the household savings ratio to 8.6%, somewhat...

04 March 2010

PwC Survey: Solvency II drives European insurers towards run-off to unlock value in their businesses

Solvency II is a key focus for European insurers on books of business in run-off as a way to release capital according to a new...

UK Corporate Governance Code – PwC comments on recommendation to risk-adjust executive remuneration outside financial services on eve of consultation closure

FRC consultation on proposed updates to the code closes tomorrow Changes to remuneration recommendations appear small but are far-reaching Recommendation to risk-adjust and align remuneration...

02 March 2010

PwC: Gravetye Manor hotel sold out of administration

Karen Dukes and Mark Shires, partners at PricewaterhouseCoopers LLP and joint administrators of the iconic Gravetye Manor Hotel and Country Club in East Sussex are...

London hoteliers spy recovery as occupancy rates hit new highs

As economic turbulence seemingly subsides the UK hotel industry, led by London, has sighted its first glimpse of growth – PricewaterhouseCoopers LLP (PwC) is expected...
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