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69 press releases from March 2011

31 March 2011

Sofas UK Limited – in administration

Stuart Maddison and Robert Lewis of PwC were appointed joint administrators of Sofas UK Limited, trading as EasyLiving Furniture, on 30 March 2011. The company,...

Commenting on Ofcom's proposal for a new wholesale price for Openreach, Brian Potterill, director in PwC's telecoms strategy team, said:

Ofcom's latest consultation proposes a reduction in the prices that BT can charge for use of the 'final mile' or unbundled local loop. These charges...

PwC and Henley Business School partnership guarantees employment for graduates

PwC offers students an accelerated route to employment and an accountancy qualification through a new degree programme in partnership with Henley Business School at the...

30 March 2011

Bribery Act – Final guidance published: PwC comments

The final version of the guidance on anti-bribery policies and procedures was issued by the Government (pursuant to section 9 of the Bribery Act) today....

28 March 2011

UK's most entrepreneurial students bag role with PwC

The UK’s most enterprising students have won a unique Dragon’s Den style undergraduate competition and are one step closer to securing a job with leading...

Shareholder pressure will keep lid on executive salaries but bonuses could be controversial unless companies get their performance targets right

Salary increases will remain modest at 3%, significantly down on the 6% increases of 2007 and 2008 Bonuses could continue upward trend, but many are...

Recycled cooking oil energy deal for new London office chips away at PwC environmental targets

Over 45,000 litres of cooking oil to be recycled per month from restaurants, bars, offices and hotels around the capital A new deal signed by...

Budget: Will it bring Britain back on track? PwC Manufacturing Viewpoint.

This year’s Budget has been promoted as one for economic growth and one that can help this country’s economic and manufacturing industry get back on...

Renewable M&As: deals market rallies as confidence returns, but regulatory uncertainty clouds European deals

Strong growth in energy efficiency deals globally UK and Germany account for a third of European market activity Regulatory uncertainty clouds deal environment in Europe...

PwC: Finance function costs at top 200 companies again on the rise, as obsession with spreadsheets continues

Embargoed until 00:01 Monday 28 March 2011 · Finance function costs are beginning to rise again · Yet 62% of finance staff continue to work...

24 March 2011

Second Europe-wide stress tests for insurers launched – PwC comments

Commenting on The European Insurance and Occupational Pensions Authority’s (EIOPA) launch of the second Europe-wide stress tests for the insurance sector, Philippe Guijarro, partner at...

23 March 2011

Budget: PwC chairman Ian Powell comments

Commenting on today's Budget announcements, Ian Powell, chairman and senior partner, PwC said: "I welcome the Chancellor's commitment to reduce Corporation Tax through the life...

Budget : PwC comments on APD

Commenting on the Air Passenger Duty (APD) announcement by Chancellor George Osborne in today’s Budget: Mark Schofield, partner, sustainability & climate change tax, PwC said:...

Budget: PwC asks- Will the economy take off after Chancellor puts fuel in the tank?

The Chancellor has made a raft of changes aimed, as he put it, at putting "fuel into the tank of the British economy." Commenting, David...

Budget: PwC comments on Green Investment Bank

*Additional funding makes it a “credible” proposition *Enterprise, and planning announcements could be an important link to low carbon development Additional funding, an earlier start...

Budget: Gift Aid 'nightmare' lifted for donors, charities and corporate sponsors, says PwC

Commenting on the Chancellor’s changes to the Gift Aid regime, including a new gift aid database for charities, a £2000 rise in the threshold for...

Budget: PwC Construction Response to Budget

Construction experts at PwC today welcomed the Chancellor’s announcement to kick-start first-time buyers getting a foot on the property ladder. With the average age of...

Budget: PwC comments on potential changes to ‘IR35’ rules for contractors

The Chancellor has made a welcome commitment to improve the way in which the contentious ‘IR35’ rules are administered. These affect many contractors and freelancers...

Budget – PwC comments on consultation to merge NIC and income tax

John Harding, employment tax adviser at PwC, commented: "Following the Office of Tax Simplification’s recommendations to simplify the tax system earlier this month, it was...

Budget: PwC comments on Corporation Tax reform

In the Chancellor’s budget today we obtained some welcome clarity around the shape of some aspects of the Corporation Tax reform agenda. The finance company...

Budget: PwC comments on Carbon Price Floor

Commenting on the widely expected Government introduction of a carbon price floor for the power sector: Richard Gledhill, partner, PwC sustainability and climate change "The...

Budget: PwC comments on tax simplification

Commenting on today’s announcements on tax simplification, Alex Henderson, PwC tax partner said: "As well as the specific reliefs that will be abolished after the...

Budget: PwC comments on disguised remuneration clampdown

The Government has announced changes to draft rules designed “to tackle arrangements involving trusts or other vehicles used to reward employees which seek to avoid...

Budget: PwC comments on enterprise measures

The Chancellor started his Budget 2011 speech today with a stated aim of reforming the nation's economy "for enduring growth". He went on to talk...

Budget: PwC comments on Stamp Duty Land Tax savings to promote growth in private rented sector

Commenting on Stamp Duty Land Tax relief rules to promote growth in the private rented sector , announced by Chancellor George Osborne in today’s Budget,...

Budget: PwC comments on building blocks for first-time buyers

Construction experts at PwC today welcomed the Chancellor’s announcement to kick-start first-time buyers getting a foot on the property ladder. With the average age of...

Budget: PwC comments on changes to personal taxes

Leonie Kerswill, PwC partner said: “There was actually very little today in the way of change on the personal tax front. Most rates had been...

Budget: PwC comments on changes to taxation on non-domiciled individuals

Commenting on changes to taxation on non-domiciled individuals, Alex Henderson, PwC partner said: “The changes to the taxation of non-domiciled individuals will be largely welcomed....

Budget: PwC comments on potential abolition of tax relief on late-night taxis

Mike Nagle, employment tax expert at PwC, said: "The potential abolition of tax relief on late night taxis from 2012 may face significant opposition during...

Budget: PwC comments on announcements relating to pensions

Pensions tax changes confirmed Today’s Budget confirms with the reduction of the annual allowance to £50,000 from April 2011. Many companies have responded to this...

Budget : PwC comments on R&D relief

Commenting on the R&D relief announced by Chancellor George Osborne in today’s Budget, Diarmuid MacDougall lead R&D partner at PwC, said: "A huge number of...

Budget : PwC comments on non-dom review

Commenting on the outcome of the Government’s review of non-domiciled residents announced today, Sean Drury, international mobility partner at PwC, said: “There was widely held...

Budget: PwC comments on bank levy

Chancellor George Osborne announced a further increase in the bank levy to offset the 2% reduction in corporation tax from next year. Matthew Barling, banking...

Budget: PwC comments on impacts for insurers

Impacts for non-life insurers: Commenting on the news that tax relief has not been withdrawn for insurers’ equalisation reserves, Colin Graham, insurance tax partner at...

Budget 2011: PwC comments on impact on business

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

Budget: New OBR growth and public borrowing projections could prove optimistic in medium term says PwC

· The OBR has revised down its GDP growth forecast from 2.1% to 1.7% in 2011, but actually revised up slightly its medium term growth...

Budget: PwC comments on changes to the REIT regime: a new dawn?

Commenting on proposals to simplify the REIT regime announced by Chancellor George Osborne in today’s Budget, Rosalind Rowe, PwC real estate partner, said: “The Chancellor’s...

Budget: PwC comments on corporation tax reform – Controlled Foreign Companies (CFC) regime

Peter Cussons, international tax partner, PwC said: "We welcome the Chancellor’s announcement that the finance company partial exemption will deliver an effective rate of one...

22 March 2011

‘Everyday inflation’ for regular purchases rises to 5.4% in February, well above headline CPI inflation rate of 4.4%, says PwC

The latest inflation data published today by the Office for National Statistics (ONS) showed a headline CPI inflation rate of 4.4% in the year to...

PwC comments on Ofcom's consultation on the auction of 800 MHz and 2.6 GHz mobile spectrum

Ofcom has published its long awaited consultation on the auction of 800 MHz and 2.6 GHz mobile spectrum. Commenting on these proposals, Simon Harris, a...

China will overtake the US and dominate global trade by 2030, says new PwC report

World trade has bounced back following the global economic crisis; but in the coming years the trade landscape will undergo fundamental change, as the emerging...

PwC predicts long awaited consolidation trend will continue in 2011

Despite a mixed bag of an economic year, the number of deals in the forest, paper and packaging sector has trumped any since data collection...

21 March 2011

PwC comments on security breach of widely-used IT security tokens (two-factor authentication)

Technical details from a leading security provider's two-factor authentication system has been stolen by hackers. William Beer, PwC director of OneSecurity, said: "Cyber attacks on...

FTSE250 bullish on growth, but call for a better business climate if they are to flourish, finds PwC

The FTSE 250, an often overlooked segment of the UK listed companies sector, is bullish about the future, with almost a quarter looking for revenue...

Budget 2011: Electricity generators face five taxes per unit of generated electricity

A widely predicted new carbon tax on electricity generators expected in this week’s Budget would be the fourth point of environmentally motivated taxation for electricity...

18 March 2011

PwC comments on Feed in Tariff changes

Commenting on the government's new Feed In Tariff regime announced today, Daniel Guttman, Director, PwC Renewables and Clean Tech, and a specialist in this field...

17 March 2011

NGOs and donors must meet higher international transparency standards for aid information

Sixth Annual PwC International Development Conference address by Rt Hon Alan Duncan MP, Minister of State for International Development. Alan Duncan, Minister of State for...

16 March 2011

PwC comments on the launch of the European Commission’s Common Consolidated Corporate Tax Base

Commissioner Semeta, the European Commissioner responsible for taxation in the EU, has today launched the Commission's proposed Common Consolidated Corporate Tax Base (CCCTB). Peter Cussons,...

15 March 2011

Threefold increase in international metals deal activity is fuelling momentum in 2011, says PwC

· Strongest players are companies in developed markets and Brazil · Chinese companies concentrate on domestic consolidation · Africa is becoming a deal hotspot and...

14 March 2011

Peter Clokey, Independent Valuer for the purposes of the Bradford & Bingley plc Compensation Scheme issues his "Revised Assessment Notice" in respect of shares and subscription rights upholding his original determination

Peter Clokey, the independent valuer appointed under the Bradford and Bingley plc Compensation Scheme and a partner of PricewaterhouseCoopers LLP, has today issued his Revised...
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