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46 press releases from June 2010

29 June 2010

PwC comment on the Green Investment Bank Commission's report: getting UK low carbon financing across 'the valley of death’

Commenting on the release of the Green Investment Bank (GIB) Commission's report with policy and financing recommendations for the institution, and a drive to launch...

28 June 2010

Modest pick-up in UK Financial Services Activity – CBI/PwC

Activity in UK financial services grew in the last three months at the fastest rate since September 2007. But this growth was much lower than...

25 June 2010

PwC supports alternative economic cycle

As the UK marks Great Britain Bike week (19-27 June), PwC has reported that its cycle to work scheme has doubled the number of participants...

Emergency Budget 2010: Multinationals cautiously optimistic as to whether the Budget has gone far enough ensure the UK remains a competitive territory

While 55% of multinational businesses agree that the Chancellor was right to fund a corporation tax (CT) cut by reducing the rate of capital allowances,...

G20 Toronto: PwC experts give their views

Ahead of the Toronto G20 this weekend, PricewaterhouseCoopers experts comment on some of the challenges faced. Regulation and supervision Pat Newberry, chairman of the UK...

24 June 2010

University places slashed but A Level students have other options to kick start their careers

Against a backdrop of mounting student debt, reduced university places, budget cuts and increasing graduate unemployment, A Level student entry training schemes could re-emerge to...

Fabric 591 Limited – Sale of business

David Chubb and Colin Haig of PricewaterhouseCoopers LLP are pleased to announce the sale of Fabric 591 Limited (the Company) to Fabric Life Limited for...

Changes in retirement age – PwC comment

Companies need to keep employees motivated throughout longer working lives The Government has announced it will accelerate plans to increase the state pension age and...

23 June 2010

Emergency Budget 2010: Budget light on environmental tax policy updates, but autumn will bring the detail

While the Budget was relatively quiet for green tax measures, the anticipation is that autumn will bring the detail for the new coalition Government's green...

Emergency Budget 2010: CGT - what it means for the UK Asset Management sector

In response to the announcements made in yesterday's Emergency Budget on Capital Gains Tax, Teresa Owusu-Adjei, UK Asset Management Tax Leader at PricewaterhouseCoopers LLP, said:...

22 June 2010

PwC's Chairman's response to Budget 2010

Ian Powell, UK Chairman and Senior Partner at PwC said: "The deficit had to be confronted and reducing spending in a targeted way and increasing...

Emergency Budget 2010: not much green good news for business

Green bank loans may not emerge before 2011 Carbon price floor and tax do not feature The government today confirmed its commitment to a green...

Emergency Budget 2010 and UK Enterprise

Mary Monfries, partner and head of private business, PricewaterhouseCoopers LLP said: "The Government have done well to target their most eye-catching measures on regions likely...

Emergency Budget 2010 - Changes affecting workplace pensions

The emergency budget introduced a number of significant changes to pensions in the UK, affecting both the public and private sectors. Commenting on the main...

Emergency Budget 2010: Regional Growth Fund

Following the announcements made by the Chancellor of the Exchequer in today’s Emergency Budget Report, Kevin Nicholson, head of UK regions, PricewaterhouseCoopers said: "The Regional...

Emergency Budget 2010: A welcome break for hoteliers

Following the announcements made by the Chancellor of the Exchequer in today’s Emergency Budget Report, Alf Orban, tax director, PricewaterhouseCoopers LLP, said: "Hit hard by...

Emergency Budget 2010: Will rural Britain be left in the dark over digital enlightenment?

Following the announcements made by the Chancellor of the Exchequer in today’s Emergency Budget Report, Barry Murphy, UK technology leader, PricewaterhouseCoopers LLP, said: "Scrapping broadband...

Emergency Budget 2010 - Capital Gains Tax

In resonse to the announcements made in the budget today on capital gains tax, Carol Dempsey, tax partner at PricewaterhouseCoopers LLP, said: “We were pleased...

Emergency Budget 2010: PwC comment on Public sector pay and pensions

In response to the public sector pay and pension announcements in the Chancellor’s Emergency Budget, Steve Beet, public sector partner, PricewaterhouseCoopers LLP said: “In today's...

Emergency Budget 2010: Foreign branch exemption to go ahead as timetabled

Further to today’s announcement in the Budget on the go ahead for a foreign branch exemption, Peter Cussons, tax partner, PricewaterhouseCoopers LLP, commented. “We welcome...

Emergency Budget 2010: CFC reform period extended

Further to today’s Budget delivered by George Osborne, Peter Cussons, tax partner, PricewaterhouseCoopers LLP, commented on the fact that the controlled foreign company (CFC) reform...

Emergency Budget: PwC comments on the implications for the UK insurance industry

Commenting on the implications for the UK insurance industry of the Emergency Budget, Colin Graham, insurance tax partner at PricewaterhouseCoopers LLP, said: "Despite the widely...

Emergency Budget 2010: Chancellor attempts a difficult balancing act

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

Emergency Budget 2010: Imposes total fiscal squeeze of £113 billion during this parliament

The Chancellor in the Emergency Budget today announced an additional £40 billion fiscal squeeze by 2014/15 on top of the tightening of around £73 billion...

Emergency Budget 2010: PricewaterhouseCoopers LLP experts offer instant reactions online

13.31pm RE: entrepreneurs relief Leonie Kerswill, personal tax partner says: "The more than doubling of the lifetime limit for entrepreneur's relief from £2m to £5m...

Emergency Budget 2010: PwC comments on bank levy

Commenting on the proposed banking levy, Peter Maybrey, financial services tax partner, PricewaterhouseCoopers LLP said: ''We are concerned that the proposed bank levy may have...

Emergency Budget 2010: PwC head of public sector comments - public sector recession has started with a bang

In response to the Chancellor of the Exchequer’s Emergency Budget, Jon Sibson, partner and head of government and public sector, PricewaterhouseCoopers LLP says: “The long-awaited...

21 June 2010

Emergency Budget: UK businesses deliver verdict on environmental tax and regulation in PwC study

94% expect climate change policy to impact their business in the next two to three years Two out of three UK businesses surveyed feel environmental...

18 June 2010

400 City slickers cross fingers for sun as World Swim Day challenge in Serpentine Lido looms on horizon

400 employees from leading London professional services firm PricewaterhouseCoopers LLP will hit the Serpentine Lido on Friday 18th June, hoping weather forecasts deliver the promised...

PwC research reveals steep cuts are anticipated for affordable housing for at least the next three years, amid worries that housing is not a policy priority

96% of housing professionals anticipate steep and lasting cuts to public funding for affordable housing, 66% predict cuts in social rented housing All housing professionals...

17 June 2010

PwC comments on the implications of George Osborne's Mansion House speech, on the UK's financial services regulatory landscape

Commenting on George Osborne's Mansion House speech, David Kenmir, director, PricewaterhouseCoopers LLP, said: "The UK financial services industry is now entering into a period of...

16 June 2010

PwC announces innovative plans to expedite determination of unsecured creditor claims in Lehman Brothers International (Europe) – in administration

The Joint Administrators of Lehman Brothers International (Europe) (“LBIE”) are today issuing a notice of their current plans to unsecured creditors which, if implemented, could...

Employees are the new line of defence in any cyber security strategy

Many organisations are worryingly complacent when it comes to information security assuming that “it won’t happen to me,” while individuals often tend to think “it...

15 June 2010

Consumers switch on UK entertainment & media recovery

- As industry revenues rise 20% in five years - And UK E&M customer spend hits $50bn mark by 2014 Following a decline last year,...

14 June 2010

UK digital divide will play out in World Cup 2010

- A fifth of Londoners watching the World Cup 2018 will do so online Londoners are twice as likely as their fellow UK football fans...

OBR forecasts only slightly higher structural budget deficits but Chancellor may still choose to tighten fiscal policy in Budget, says PricewaterhouseCoopers

This morning's pre-Budget forecasts from the new Office for Budget Responsibility (OBR) revised down earlier Treasury projections for medium-term economic growth materially but made smaller...

European Asset Management Industry Needs to Step up Preparations for UCITS Key Information Document (KID), according to PwC and EFAMA

According to a new survey from PricewaterhouseCoopers (PwC) and the European Fund and Asset Management Association (EFAMA) - UCITS IV: Time for change - published...

Investors and analysts add to the critical fair value debate

Investors and analysts add to the critical fair value debate The global financial crisis highlighted profound challenges in financial instrument accounting, prompting the two leading...

Fresh wave of pension scheme closures expected as 94% of employers intend to reduce or axe current defined benefit provision

Other highlights: 32% of companies have closed future accrual of defined benefits to existing employees, up from 14% last year, with a further 30% intending...

11 June 2010

Emergency Budget Report 2010: PwC experts give their predictions

Capital gains tax (CGT) Alex Henderson, tax partner, PricewaterhouseCoopers LLP, predicts: As outlined by the coalition Government we are expecting the tax rate on the...

09 June 2010

PricewaterhouseCoopers renews four year commitment to London Living Wage

PricewaterhouseCoopers LLP today renewed their commitment for the fourth year in a row to the London Living Wage including the 25p increase announced by London...

08 June 2010

Selhurst Park: Deal Completion

The joint administrators for Selhurst Park, home of Crystal Palace FC, are delighted to confirm that, following the "in-principle" agreement on 1st June to sell...

04 June 2010

UK Solar PV market could grow five fold in 2010, and 30 times over to 2015

Five fold increase in solar photovoltaic (PV) installations expected in 2010 Britain currently lagging a decade behind other leading European countries on solar installation The...

UK Solar PV market could grow five fold in 2010, and 30 times over to 2015

Five fold increase in solar photovoltaic (PV) installations expected in 2010 Britain currently lagging a decade behind other leading European countries on solar installation The...

02 June 2010

2010 so far ‘unremarkable’ for European FS M&A activity but ‘hot beds’ of activity are starting to emerge, says PwC

The first quarter of 2010 was notable for the low number of high-value deals in the European financial services market. However, recovery is expected during...

2010 so far ‘unremarkable’ for European FS M&A activity but ‘hot beds’ of activity are starting to emerge, says PwC

The first quarter of 2010 was notable for the low number of high-value deals in the European financial services market. However, recovery is expected during...
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