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51 press releases from November 2011

29 November 2011

Autumn Statement: PwC Overview

Alex Henderson, tax partner at PwC, providing his perspective on the Autumn Statement, said: "Given the eurozone crisis, the Autumn Statement was always going to...

Autumn Statement: PwC comments on aviation tax

The new air passenger duty (APD) is likely to put the UK at a competitive disadvantage, says PwC. Anna Sargeant, an Assistant Director in PwC’s...

Autumn Statement: PwC comments on introduction of cost sharing exemption

PwC comments on the announcement by the Treasury that it plans to introduce the cost sharing exemption, a facilitation measure to allow VAT-exempt bodies to...

Autumn Statement: PwC comments on mobile coverage extended to 99% of the population, costing £150m

Brian Potterill, telecoms expert at PwC, said: "The mobile operators are the winners here as they will benefit from greater service reach and consequent higher...

Autumn Statement: PwC comments on green policies and British business

Commenting on the Autumn statement, Richard Gledhill, partner, PwC sustainability and climate change said: "The Chancellor is concerned about the cost of green policies for...

Autumn Statement: PwC comments on acceleration in State Pension Age

The Government has accelerated the increase in the State Pension Age - going up to 67 in 2026 (previously set to be between 2034 and...

Autumn Statement: PwC comments on change to R&D tax credits

Commenting on the Chancellor's announcement that the research and development (R&D) tax credit will be modified to include one which can be recorded as a...

Autumn Statement: Very close call whether Chancellor will meet target to eliminate structural deficit by 2016/17, says PwC

Very close call whether Chancellor will meet target to eliminate structural deficit by 2016/17, says PwC The Chancellor’s Autumn Statement today and the accompanying report...

Autumn Statement: PwC comments on measures for regional business

PwC partner and PwC board member for the regions, Stephanie Hyde commented: "Today the Chancellor announced some further impetus to Enterprise Zones including a 100%...

Autumn Statement: PwC comments on the increase in the bank levy

Commenting on today’s announcement by Chancellor George Osborne that he will raise the bank levy by 0.088%, Matthew Barling, banking tax partner at PwC, said:...

Autumn Statement: PwC comments on pension funds investing in infrastructure projects

Commenting on plans to encourage pension funds to invest in infrastructure projects, PwC's head of pensions Raj Mody, said: "Infrastructure investment opportunities will be a...

Autumn Statement: PwC says capital gains tax allowance freeze could have significant cumulative effect

Capital Gains Tax Allowance Freeze - cumulative effect for people could be significant Alison Smith, tax expert at PwC, commented: "A freeze alone is unlikely...

Autumn Statement: PwC comments on restrictions to asset-backed pension contributions

Alex Henderson, partner at PwC, commented: "The Chancellor's plans to restrict the deductions available for asset-backed pension contributions are not unexpected. The use of assets...

Autumn Statement: The public sector recession is now in full swing

Paul Cleal, PwC partner and head of Government & Public Sector, said: “The public sector recession is now in full swing. Public sector employees will...

Autumn Statement: PwC comments on fuel duty tax changes

Commenting on the fuel duty increase cancellation announced in the Autumn Statement Richard Gledhill, partner, sustainability and climate change said: "Fuel duty changes will be...

Autumn Statement: PwC comments on 50% tax and one year CGT exemption for investment in start-ups

Mary Monfries, partner at PwC, said: "Anything that encourages investment into growth companies has got to be a good thing for enterprise, recognising that this...

Autumn Statement: PwC comments on non doms/internationally mobile

PwC partner Sean Drury said: "After several years of significant trailing of changes to the non domiciled regime it was pleasing to see nothing new...

Autumn Statement: PwC comments on green/environment issues

Commenting on the Autumn Statement, Richard Gledhill, PwC Sustainability and Climate Change said: "One of the Chancellor's big themes is financial sustainability. Though it was...

Public sector strikes: PwC business continuity team comments

PwC business continuity leader, Martin Caddick, comments on the planned public sector strikes: “At times of disruption, businesses are served a stark reminder of their...

UK surfing an economic crime wave in response to economic austerity, PwC’s latest fraud survey shows

· Volume and cost of economic crime continue to rise · Cybercrime now third biggest risk · Middle managers remain the likeliest internal fraudsters Economic...

28 November 2011

Majority of insurers feeling more optimistic about UK business tax environment ahead of the Autumn Statement, finds PwC poll

Insurers are much more optimistic about the development of tax policy in the UK compared to a year ago, but more still needs to be...

24 November 2011

Upbeat AIM companies must have plans in place to withstand global financial uncertainty

Optimistic AIM companies must ensure they have robust planning in place to achieve their growth ambitions, PwC finds AIM companies are surprisingly confident about their...

23 November 2011

PwC comment on employee relations reforms

Commenting on today's proposed employment relations reforms Stephen Gummer, partner at PwC Legal said: "Reducing the timeframe of a consultation may help employers, however, it...

21 November 2011

Airports are critical to London as a business capital, PwC says

London is in danger of lagging behind its global counterparts when it comes to airports because of issues around space, poor infrastructure and red tape,...

Insurers maintain progress, but must do more to incorporate climate change into investment decisions, finds industry review

Insurers continue to demonstrate a strong commitment to addressing climate change but more needs to be done on incorporating this into investment decisions. This is...

18 November 2011

PwC: Extreme weather events report shows insurers are caught in a perfect storm

PwC comments on the release of the UN Intergovernmental Panel on Climate Change’s (IPCC) report on Managing the Risk of Extreme Weather Events, launched today...

Nation's manufacturers in line for top PwC award

Seven UK manufacturers are in line to net one of the nation’s most prestigious manufacturing awards next Wednesday, 23 November, in London. New for 2011...

17 November 2011

PwC: Northern Rock sale could re-open the free banking debate

Commenting on the impact of the sale of Northern Rock to Virgin Money on the banking sector, Steve Davies, retail banking leader at PwC, said:...

16 November 2011

PUMA environmental accounting sets new pace for integrated reporting

The final environmental profit and loss account (E P&L) released today by PUMA and PPR HOME could help to accelerate wider industry reassessments of the...

PwC appointed administrators to the British Real Estate Fund Limited

David Christian Chubb and Stephen Le Page, of PwC, were appointed joint administrators of the British Real Estate Fund Limited (BREFL) on 1st November 2011....

15 November 2011

Norway, Germany and the Netherlands are the top countries to live and work in among major OECD countries, according to Demos-PwC Good Growth Index

In a new index of economic performance developed by Demos and PwC published today in a new study, Good Growth: A Demos and PwC report...

14 November 2011

Building trust in the air: PwC reports on how the world's airlines cover corporate sustainability

Airlines must build trust in the air, says PwC report · Airline industry urged to be clear and transparent in corporate sustainability reporting · No...

Law firms see continued downward pressure on profitability from market conditions and regulatory changes, PwC survey shows

The profitability of the UK legal sector has remained under continued pressure in 2011 as law firms respond to a combination of very difficult market...

11 November 2011

PwC leads UK sustainability consulting market

A new independent analysis of the sustainability consulting market has positioned PwC as the leading consultancy in the UK market. The Verdantix Green Quadrant Sustainability...

Stormy seas ahead for Capesize shipping, says PwC

· PwC report stresses risks of ‘distorted’ shipping market. · Capesize ship orders to soar while demand for seaborne iron ore largely stagnates · 40%...

UK has competitive tax system shows global league table, but position under pressure as other nations make paying taxes easier

The UK risks being overtaken by other economies in easing tax burdens for businesses, according to the latest PwC, World Bank and IFC Paying Taxes...

10 November 2011

New guide to help companies avoid bribery risks when doing business in BRIC countries

A new guide that provides practical advice to UK commercial organisations doing business in the BRIC countries (Brazil, Russia, India and China) to help them...

AIM companies, investors and advisers’ opinions split over free floats

PwC survey of AIM market finds 56% back the idea of companies intending to float setting aside a minimum percentage of shares which can be...

North-South divide has widened further, says PwC’s UK Economic Outlook

The historic North-South divide has widened further since the start of the recession and this is likely to continue against a backdrop of continued very...

09 November 2011

PwC: FSA signals Solvency II costs and implementation plan

PwC comments on the FSA’s publication of two consultation papers on the transposition of Solvency II and Solvency II and linked long-term insurance business. These...

Crisis management plans alone are not enough; organisations have to build capability, stresses PwC at global business continuity gathering

Having crisis management plans alone isn’t enough if organisations are to come through a crisis intact, PwC warns today. Speaking at the BCM World Conference,...

08 November 2011

CRC nets £734m for Treasury in first year’s results

The first annual league tables for the UK Carbon Reduction Commitment Energy Efficiency Scheme released today reveals an estimated £734m price tag for the emissions...

PwC: Insurers should not underestimate the amount of work needed to comply with Solvency II reporting requirements

PwC comments on EIOPA’s launch of a public consultation on its revised proposals for reporting under Solvency II. These proposals define the content and format...

07 November 2011

PwC comments on ORSA guidelines

Commenting on today’s publication of EIOPA’s Consultation Paper on the Proposal for Guidelines on the Own Risk & Solvency Assessment (ORSA), Paul Clarke, global Solvency...

G20 fuel a dirty global recovery as carbon emissions exceed economic growth

Global emissions are increasing faster than economic growth Scale of emissions reductions facing UK are now the equivalent to switching off power for three months...

04 November 2011

Learning and Skills Network – in administration

Ian Oakley-Smith, David Hurst and Karen Dukes of PwC were appointed joint administrators of Learning and Skills Network (“the charity”) on 3 November 2011. The...

PwC: FSA gives firms hope on dual supervisory regimes concerns in run-up to Solvency II

PwC comments on the FSA's plans for Solvency II implementation, which were discussed at their Solvency II conference yesterday. The FSA has said they are...

Corporate insolvency trends reflect the continuing fragile economy

PwC analysis of today’s national corporate insolvency statistics found that 5,393 companies entered insolvency in the third quarter of 2011 - this is an increase...

Bankruptcies plummet as consumers try to make ends meet and pay off existing debt

Figures released today for the third quarter of 2011 by the Government's Insolvency Service reveal that overall levels of personal insolvency in England and Wales...

02 November 2011

G20 - PwC: Proposed capital increases could force European banks to reduce assets by €1.8 trillion

PwC experts comment ahead of the G20 meeting on the Eurozone deal and its continued relevance to the G20 talks and the impact of higher...
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