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41 press releases from November 2012

30 November 2012

Delay to bank bonus cap more likely, says PwC

PwC pay experts comment on the news that the European Parliament has postponed its vote on CRD IV until March 2013. The political disagreement between...

Hitting key fiscal target could require an extra £16 billion of austerity by 2018

Public borrowing looks set to exceed OBR forecasts by around £10 billion this year. Slower than expected trend growth could cause this borrowing gap to...

28 November 2012

US civil aircraft operators prohibited from participating in the EU ETS - PwC comment

Commenting on the signing of a bill in the US that prohibits US civil aircraft operators from participating in the EU ETS Jonathan Grant, director...

UK Floods: insurance premiums to rise by up to 50% for worst affected areas?

Mohammad Khan, insurance partner, PwC comments: “Following the latest floods to strike the UK, we expect insurance renewal premiums to rise between 10% and 50%...

27 November 2012

PwC comments on findings of Richard Review of Apprenticeships

Commenting on the Richard Review of Apprenticeships report findings published today, Gaenor Bagley, PwC head of people, said: “We absolutely support the Richard Review recommendation...

Cross-border IPO activity intensifies as companies eye overseas capital pools

New PwC study covering ten years and polling more than 200 global investment bankers, issuers and stock exchange representatives, shows cross-border IPO activity accounted for...

26 November 2012

Agreement between the ABI and Government on the future of UK flood insurance is crucial, says PwC

The Statement of Principle due to expire on 1 July 2013 is a trade off between infrastructure investment in flood defence and affordable premiums for...

Underfunded pension schemes still a risk to companies, says PwC research

PwC analysis shows that FTSE350 companies’ ability to support their defined benefit (DB) pension obligations is still far below pre-recession levels and doesn’t appear to...

ABI executive remuneration guidelines - PwC comments

Commenting on the Association of British Insurers’ (ABI) updated guidelines on executive remuneration, Tom Gosling, head of PwC’s reward practice, said: “The ABI’s updated proposals...

23 November 2012

Leading insurers set industry benchmark in response to climate change, according to PwC research

The fifth independent review of ClimateWise members, conducted by PwC, shows that a leading group of insurers are at the forefront of integrating climate change...

UK Flood damage likely to cost insurers £1bn in 2012.

British insurers will this year face the worst bills for flood damage since 2007 and are likely to pass the associated costs onto their customers...

22 November 2012

Workplace pension reforms - PwC comments

Commenting on the publication of the Government's reinvigorating workplace pensions paper, Peter McDonald, chief actuary at PwC, said: “The government has to be applauded for...

UK steps up league table of effective tax systems

For the first time in seven years the UK has moved up the global ranking of effective tax regimes, having previously been slipping down the...

20 November 2012

PwC comments on potential cuts to pension tax relief

Commenting on reports that George Osborne is considering reducing the tax relief available for pensions in the forthcoming Autumn Statement, Marc Hommel, pensions partner at...

UK needs good growth, not just growth in GDP

New analysis of 36 UK cities by PwC and Demos shows public believes there's more to life GDP A new assessment of how UK economic...

19 November 2012

People Can - in administration

Ian Oakley-Smith, David Hurst and Karen Dukes of PwC were appointed joint administrators of People Can, previously known as the Novas Scarman Group ("the charity")...

15 November 2012

Administrators from PwC announce solution to London Taxi steering fault

The administrators of Manganese Bronze Holdings are pleased to announce that an engineering solution to the steering fault has been found for the TX4 model...

Pharma industry on cusp of golden era, according to new PwC report

The pharma industry is at a critical juncture – the next few years may look bleak but the following decade will bring an era of...

Eurozone recession - PwC's UK financial services leader comments

Following reports that the Eurozone has fallen back into recession, Kevin Burrowes, partner and PwC's financial services leader, commented on the impact on the financial...

14 November 2012

Fleet approach to UK nuclear new build could double level of home grown work in the sector

Building multiple nuclear reactors in the UK with a single technology could almost double the level of UK supplied parts and labour generated to support...

13 November 2012

Inflation rate rises - Andrew Sentance comments

In response to inflation figures released today by the ONS, Andrew Sentance, senior economic adviser to PwC, commented: "UK inflation remains stubbornly above the 2%...

12 November 2012

PwC comments on flexible hours plans

PwC comments on reports that the Government will unveil proposals to extend the right to flexible working to all employees. Ed Stacey, head of employment...

PwC comments on Ofcom's final regulations and timetable for the 4G mobile spectrum auction

Simon Harris, director in PwC's valuations team, said: "Ofcom has today set out in detail the rules and process involved in the auction. The reserve...

09 November 2012

PwC announces a first interim dividend for Lehman Brothers International (Europe) of 25.2p in the £1

The joint administrators of Lehman Brothers International (Europe) (in administration) (‘LBIE’), have announced a 25.2% first interim dividend to unsecured creditors at the upper end...

PwC Comments on the State of the Airline Sector

Roger de Peyrecave, PwC Head of Airlines, said: "The airline sector was showing signs of distress even at the start of the year, particularly those...

Family Business survey 2012: Backbone of the UK economy feels left out in the cold

Family businesses feel they are the un-loved sector of UK industry with a significant number feeling the Government does not recognise their importance to the...

08 November 2012

British auto renaissance set to last says PwC

A PwC automotive expert is forecasting that the British car industry could continue to enjoy its renaissance for at least another five years. Phil Harrold,...

Keeping monetary policy very loose for too long risks distorting the economy

Quantitative easing (QE) is running into diminishing returns and should not be further extended The MPC should develop and pre-announce a medium term strategy for...

MPC decision - PwC senior economic adviser comments

In response to the Bank of England's Monetary Policy Committee (MPC) decision today not to increase QE and keep interest rates unchanged, Andrew Sentance, senior...

07 November 2012

US Election - PwC UK financial services leader comments

Commenting on the impact of the US election results on the UK and EU financial services sector, Kevin Burrowes, PwC's UK financial services leader said:...

Chartered Management Institute’s gender salary survey – PwC comments

Dawn Nicholson, HR consulting partner at PwC, said: "The size of the lifetime earnings gap between men and women is disturbing and suggests that women...

PwC has been named one of the UK’s top 10 private employers for race and gender progression

PwC has been identified as one of the top 10 private sector organisations for ethnicity and gender in the UK’s most comprehensive benchmarking survey by...

06 November 2012

No room for FATCA complacency – real estate funds need to prepare now

The Foreign Account Tax Compliance Act, or FATCA, has created a framework of reporting and withholding obligations to ensure that the US tax authorities are...

A simple and complete removal of NEST restrictions is needed, says PwC

Commenting on the news that the Government is to consult on removing the restrictions on the National Employment Savings Trust (NEST), Peter Woods, pensions partner...

Pay data highlights concerns over new remuneration reporting rules, says PwC

Commenting on Income Data Service’s research into pay and bonus growth for FTSE-100 directors, Tom Gosling, head of PwC’s reward practice, said: "Unfortunately the headline...

05 November 2012

PwC renews commitment to London Living Wage

PwC, the professional services firm, today renewed their commitment for the sixth year in a row to the London Living Wage, including the 25p increase...

After the party – hotel hangover for London, slight improvement for the regions

· London ADR should end 2012 at around £143 - a record year · London occupancy in 2013 will be at its lowest since 2005...

"Business as usual is not an option" as current rates of emissions reduction point to 6C of warming - PwC Low Carbon Economy Index

Current rates of reduction of carbon emissions per unit of GDP in major economies ("carbon intensity") shows we're heading for at least 6C degrees of...

02 November 2012

PwC: Personal insolvencies down by 7.2% on the same time last year

Figures released today for the third quarter of 2012 by the Government's Insolvency Service reveal that overall levels of personal insolvency in England and Wales...

PwC: Company administrations drop to their lowest level since 2005

Low interest rates and increased support from lenders are having a positive impact on the numbers of business casualties, as PwC's analysis of today’s national...

01 November 2012

Child Benefit cuts could cost families up to £50,000

The cuts in child benefit could cost a family with three children aged under 6 around £50, 000 by the time their youngest child is...
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