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61 press releases from October 2010

29 October 2010

Nagoya agreement builds new business and biodiversity deal

A late night deal at the UN summit on biodiversity in Nagoya has brought about a wide ranging plan that aims to stem natural resource...

Bank of England releases consumer credit figures – PwC comments

Figures released by the Bank of England this morning show that consumer credit, which includes credit card borrowing, overdrafts and personal loans, showed a net...

Proposals to move UK accounting framework to IFRS could mean tax advantages for UK business and a reason to simplify group structures, says PwC

The exposure draft from the Accounting Standard Board (ASB) on its recommendations for the future of the UK’s accounting framework will have a much greater...

28 October 2010

Today's ECJ ruling to significantly raise the cost of outsourcing for financial services firms - PwC comment

Commenting on today’s ruling by the European Court of Justice (ECJ) that the collection of monthly payments from patients by AXA and their transfer to...

High Court grants PwC Legal a group litigation order to recover £300m unlawful payment of 1.5% stamp duties

PricewaterhouseCoopers Legal LLP (PwC Legal) was today granted a group litigation order (GLO) by the High Court to bring together actions for the recovery of...

Habitat banking ripe for kick off in Latin America, amongst the biodiversity ‘superpower’ nations - UN Development Programme

A ground breaking study of eight Latin America and Caribbean nation’s potential for establishing market based habitat banking mechanisms shows they could protect against biodiversity...

PwC: FSA’s proposed new rules on packaged accounts will lead to sales and remuneration changes

PwC experts comment on the Financial Services Authority’s (FSA) proposed new rules to increase customer protection in the packaged account market. The FSA’s proposals can...

27 October 2010

Welcome simplification on auto enrolment paves way for all-employee pensions

Details announced today by the Government on automatic pensions enrolment bring much needed common sense simplification, according to PwC. Peter Woods, pensions partner at PwC,...

26 October 2010

John Hawksworth, PwC's Chief Economist, responds to the ONS UK GDP announcement

"Reports of the death of the UK economy appear to have been greatly exaggerated. We had expected GDP growth of around 0.5% in the third...

25 October 2010

PwC comment on National Infrastructure Plan implications for infrastructure finance and energy

PwC comment on the first National Infrastructure Plan launched today and its implications for energy. Richard Lobley, Director, Nuclear Energy, PwC said: "The cheapest power...

PwC’s ethical hackers design cyber challenge to seek out talent of the future

A national search to find the most talented cyber security professionals of the future has yielded two winners. In the latest phase of challenges, competitors...

21 October 2010

UN Biodiversity Summit, Nagoya: Questions over local REDD+ fund management capacity open up critical role for NGOs and Environmental Funds

Ongoing uncertainty in governance and distribution framework NGO and Environmental Funds could unlock private sector investment in REDD+ NGOs and Environmental Funds could play a...

20 October 2010

Spending Review: Changes to Carbon Reduction Commitment Energy Efficiency Scheme

£3.46bn to be raised through changes to scheme by 2014/15 Government to retain auction revenues for permits, not recycle them to CRC scheme participants As...

Spending Review: PwC views on private sector impact

• Calman gets green light from Westminster • Funding of up to £500m available for renewables in Scotland - but are there strings attached? •...

Spending Review: PwC comments on the taxing of the financial services sector

Commenting on the proposed announcement to extract the maximum sustainable tax revenues from financial services, Matthew Barling, financial services tax partner, PwC said: "The competitiveness...

Spending Review: PwC comments on Scotland’s public sector challenge

• Scotland’s revenue DEL falls by 6.8% in real terms by 2014/2015 • Capital budget cut by 38% in real terms by 2014/2015 • The...

AIFMD text agreed by ECOFIN - PwC response

Commenting on the news that The Economic and Financial Affairs Council (ECOFIN) has agreed to a text for the Alternative Investment Fund Managers Directive to...

Spending Review: Government needs to attract private sector money to fund infrastructure, says PwC

Government spending on capital projects will fall by an unprecedented third over the next four years. Particularly hard hit will be the areas of education...

Spending Review: auto enrolment and NEST given go-ahead: opportunities and challenges for employers and financial services services before regime starts in 2012, says PwC

Auto enrolment and NEST given go-ahead: opportunities and challenges for employers and financial services services before regime starts in 2012, says PwC Today's Spending Review...

Spending Review: private sector playing a waiting game, says PwC

• Private sector faces real challenges from severe cuts • But full impact yet to be seen as the detail of cuts emerges next month...

Spending Review: PwC responds to Spending Review – higher education after the cuts

Commenting on the impact of the Comprehensive Spending Review on higher education institutions, Rachel Taylor, director of higher education at PwC, said: “Universities are in...

Spending Review: PwC comments on the effect to Hospitality & Leisure

Commenting on the outcomes of the spending review and the knock on effects this will have for the hospitality and leisure industry, Robert Milburn, UK...

Spending Review: PwC comments on likely impact on local government

• Local government will be comparatively hard hit – 7.1% cut for each of the next four years Around half a million public sector jobs...

Spending review:PwC comment on retirement age change and public sector pensions

State pension age Commenting on the state pension age being increased to 66 for both men and women by 2020, Steve Beet, public sector pensions...

Spending Review: PwC comments on the sustainability and green measures

• Green Investment Bank – £1bn announced is half the government funding previously expected • Renewable technology, manufacturing investment at ports should encourage supply chain...

Spending Review: PwC comment on workforce planning and employment after the cuts

Redundancy programmes for civil service alone could cost from £5.3bn to £9bn Legal challenges expected unless complex employment framework understood More creative ways to mitigate...

Spending Review: PwC comment on social housing

Commenting on the impact of today’s spending cuts on social housing, Richard Parker, head of housing at PwC, commented: Social housing budget in England to...

Spending Review: PwC’s head of public sector response

• The axe has fallen and the 4 year public sector recession has started with a vengeance. • Painful job losses are inevitable but the...

Spending Review: Public spending squeeze will be painful for private sector over the next few years but should boost growth in the longer term, says PwC

• PwC projects public borrowing to be around £147 billion in 2010/11 and to remain high at around £120 billion in 2011/12 • Overall current...

Spending Review: PwC views on impact on welfare reform

• In addition to costing £2bn, today’s welfare reform announcements could potentially affect over 10 million people. Commenting on the impact of today’s spending cuts...

Spending Review:massive challenge facing Government in delivering changes, says PwC

• Government is facing a ‘hard road’ to deliver savings through long term projects • Essential project management skills and experience will be critical •...

Spending Review: social care – more gains to be made but health and social care organisations must pull together, says PwC

With the announcement in today’s Government Spending Review that the total budget for social care will increase by a total of £2 billion by 2012,...

Spending Review: health budget safe but NHS faces years of painful change,says PwC

As expected NHS budgets are protected. But that does not mean the provision of health services in the UK is immune from change. Indeed, the...

Spending Review: PwC responds to Spending Review education announcements

Commenting on the impact of the Comprehensive Spending Review on schools, John Lakin, education partner at PwC, said: “The expectation that the schools budget would...

PwC responds to Government announcement that over half a billion pounds will be allocated to a national cyber security programme

Commenting on Prime Minister David Cameron's announcement to the House of Commons yesterday that over the next four years half a billion pounds will be...

ABI conference: PwC calls on insurers not to ignore the competitive advantages of Solvency II

In his speech at the Association of British Insurers’ (ABI) Solvency II conference today, PwC partner Charles Garnsworthy urged the insurance industry not to waste...

Spending Review reminder: PwC experts available for comment

Spending Review media hotline: 020 7212 2711 Spending Review day has arrived and questions remain on the scale of the upcoming public sector cuts, where...

19 October 2010

Social multi-player gamers named as UK technology’s hottest prospect

In a bid to find innovative technology stars of the future, the Tech Media Invest 2010 (TMI) programme came to its conclusion last night at...

PwC comments on launch of Government's National Security Strategy

Commenting on the launch of the Government’s National Security Strategy: "A Strong Britain in an Age of Uncertainty", William Beer, director, OneSecurity, PwC, said: "Government...

18 October 2010

PwC comments on the implications for the UK's nuclear industry on the back of the consultation on the revised draft National Policy Statements for energy infrastructure, released today

In response to the consultation on the revised draft National Policy Statements for energy infrastructure released today, and commenting specifically on the implications for the...

Financial services deals up 55% as bank and private equity activity accelerates

Overall value of deals is up 55% from the previous quarter as bank restructuring continues to drive activity Continuing rebound in private equity activity Cross-border...

Vital signs good but challenges ahead as AIM market celebrates its 15th year

• AIM bounces back – but focus should be on attracting quality domestic companies A PwC report, ‘Securing AIM’s future’ indicates that while the number...

15 October 2010

PwC voted most popular graduate employer overall in the UK

PwC has been voted the most popular graduate employer in the accounting & financial management and consulting categories of the UK300 survey - as well...

2010 AIM awards winners announced

The 15th annual AIM (Alternative Investment Market) awards were presented at a dinner in London on 14 October, attended by some 1,300 people including representatives...

Lehman Brothers International (Europe) – In Administration - Two year progress update

The Joint Administrators of Lehman Brothers International (Europe) – In Administration (“LBIE”) have today updated the creditor community with details of their progress over the...

14 October 2010

Spending Review: PwC experts available for comment

Spending Review media hotline: 020 7212 2711 The Spending Review announcement on 20th October is looming and questions remain on the scale of the upcoming...

Reduced pensions contribution limit less onerous than expected but could still affect up to 200,000 people

Employers will generally welcome the changes to previous Government’s higher-earners pension tax regime Tax charges still significant for those affected Up to 200,000 people could...

13 October 2010

Private sector jobs could be significantly affected by public sector spending cuts but will not cause double-dip recession, says PwC research

· Industries such as the outsourcing market could help alleviate potential combined public and private sector job losses due to public sector spending cuts ·...

12 October 2010

Speaking the same language: Five key steps for the business, IT and security leader

Tackling the risk of security breaches in companies is being undermined by a potentially damaging breakdown in communication between the information security function, IT and...

11 October 2010

PwC comments on findings of Sir Philip Green's efficiency review

Commenting on Sir Philip Green’s review into Government efficiency, Qadir Marikar, commercial assurance partner, PwC, said: “Contracts can often be ambiguous and lack transparency, which...
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