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59 press releases from December 2013

23 December 2013

PwC and Booz & Company combination is approved by Booz & Company Partners

New York, 23rd December 2013 – Following the announcement of a conditional merger agreement earlier this year between PwC and Booz & Company, Booz &...

20 December 2013

GDP figures - PwC senior economic adviser comments

In response to final Q3 2013 GDP figures out today, Andrew Sentance, senior economic adviser, PwC, said: "The latest GDP figures show growth in the...

19 December 2013

PwC London HQ achieves highest ever environmental rating for a UK office.

‘Green’ score for refurbished office exceeds results for the best new builds in the UK; 60% of the building’s energy will be produced on site;...

Economy puts fizz back into the UK hotel sector

PwC reviews how the UK hotel sector has fared in 2013 and looks ahead to 2014 According to PwC analysis, the hotel sector has been...

18 December 2013

PwC comment on ONS Employment figures: Employment, unemployment or earnings growth?

ONS figures: Employment, unemployment or earnings growth? Positive for the first two, not for the third: Nick C Jones, director, PwC government and public sector,...

BAE Systems implements new approach to its pension schemes with the adoption of Skyval

BAE Systems has selected Skyval to manage and monitor its obligations across all seven of its UK pension schemes, in a more efficient and informed...

Europe's IPO markets improve significantly throughout the year, with prospects for the New Year continuing to be positive

European IPOs have raised €10.3bn in October and November 2013, eclipsing the €3bn generated in Q32013 and the €7.6bn raised in Q4 2012, according to...

17 December 2013

New PwC programme to open up professional apprenticeships for business in London

An innovative apprenticeships programme will be delivered in the capital’s professional and business services sector, providing 250 apprenticeships to attract outstanding young Londoners into professional...

PwC comments: UK general insurance - 2014 outlook

Mohammad Khan, insurance partner, PwC, comments: "2013 has been a very benign year - especially for personal household and property insurance - which is good...

16 December 2013

PwC comments: UK insurance - London market 2014 outlook

Reeken Patel, insurance partner, PwC, comments: "As we approach the 1/1 milestone, confidence from the London market about the coming year is broadly in line...

UK consumers value their digital lives at £25 billion

Family photos are top of our list of most valued digital items Unless you’re in London - Londoners rate their financial spreadsheets almost as highly...

13 December 2013

PwC comments on new banking rules for identifying Material Risk Takers

Commenting on the European Banking Authority's new rules for identifying Material Risk Takers, Jon Terry, partner at PwC said: "Overall these are sensible changes to...

PRA Solvency II conference - PwC comments

At the PRA's Solvency II conference yesterday, the regulator explained that they expect Solvency II to be demanding for all insurance firms, including their expectation...

11 December 2013

PwC helps Carillion schemes secure protection against the financial effects of increased longevity for £1bn of pension scheme liabilities

Carillion plc (Carillion) and Carillion (DB) Pension Trustee Ltd (the “Trustee”) announce that a longevity swap has been agreed between Deutsche Bank AG and five...

PwC comment on the Committe on Climate Change 4th Carbon Budget report

Commenting on the Committee on Climate change's conclusions that the fourth carbon budget "should not and cannot be changed", Lit Ping Low, climate economist, PwC...

10 December 2013

Finance Bill - social investment tax relief seems complex

Alison Hill, tax director at PwC, says: "The draft legislation on social investment tax relief runs to 38 pages. There's a risk people could be...

Finance Bill - More details on capital gains tax change on second homes

Alison Hill, tax director at PwC, said: "From April the amount of time house owners have in which to sell a second home before they...

Finance Bill - new tax rules for salaried partners tougher than expected

Finance Bill - new tax rules for partnerships tougher than expected The new rules for partnerships are tougher than expected. Partners will have to satisfy...

Finance Bill - Government shaves over a third off UK tax legislation

Commenting on the Draft Finance Bill published today, Alex Henderson, tax partner at PwC, said: "This year's draft finance bill comes in substantially shorter than...

PwC responds to onshore intermediary consultation

The Government has today released a consultation setting out how it intends to tackle abusive onshore employment intermediaries and false self-employment. The consultation aims to...

Finance Bill - asset managers face tough new rules

The new rules announced for partnerships are tougher than expected. Commenting on the impact the rules will have for asset management firms, Robert Mellor, PwC...

Nearly 120,000 people could benefit from protection to the cuts to pensions lifetime allowance

The Government has released today, in the draft legislation for Finance Bill 2014, further details on a new form of protection for people in danger...

PwC: UK coastal flooding - insurance industry impact

Following the coastal floods that hit parts of the UK last Friday, Mohammad Khan, insurance partner at PwC comments on the impact on the insurance...

09 December 2013

Slippery slope – Metals struggle to find footing in 2013

Commodities report: 2013 roundup & gold, silver and copper performance 2014 outlook Amidst write downs, a drop in commodity prices and lower revenues, gold, silver...

Pension scheme recovery held back despite economic upturn, says PwC research

FTSE 350 companies’ ability to support their defined benefit (DB) pension obligations has stalled and shows little signs of improving any time soon. PwC analysis...

06 December 2013

Counterfeiters stock up for Christmas

It’s not only Santa’s elves that are busy this Christmas. Manufacturers of counterfeit goods have been busy ensuring they’re stocked up to meet expected demand....

05 December 2013

Autumn Statement 2013 - PwC comments on partnership tax review for asset management firms

Robert Mellor, PwC asset management partner, said: "Today's confirmation that the Government will take forward the proposals made at the Budget earlier this year could...

Autumn Statement - PwC comments on dynamic modelling of tax cut impacts

Jonathan Gillham, economist at PwC, says: "HMRC's analysis is highly significant and very welcome. It is the first public attempt by the UK Government to...

Autumn Statement: PwC comments on smuggling

Matthew Clark of PwC, said: "The Chancellor is proposing to introduce a new registration scheme for alcohol wholesalers to tighten control of the supply chain....

Autumn Statement 2013: PwC comment on energy, environment, shale

PwC specialists comment on energy, environment taxation, carbon price support, and shale announcements in today's Autumn Statement: Jayne Harrold, environmental tax specialist at PwC, said:...

Autumn Statement - PwC - property change will affect divorcees or anyone who sells house and doesn't buy immediately

Reduction in Principle Private Residence Relief Alex Henderson, tax partner at PwC, said: "The £9bn of measures to counteract avoidance and evasion was one of...

Autumn Statement: PwC comment on energy, environment, shale

PwC specialists comment on energy, environment taxation, carbon price support, and shale announcements in today's Autumn Statement: Jayne Harrold, environmental tax specialist at PwC, said:...

Autumn Statement: PwC comments on tax relief on bonuses for employee owned companies

The Government has announced a new form of "profit-related" pay, where companies that are indirectly employee owned and controlled by an employee trust will be...

Autumn Statement 2013: PwC comments on removal of taxes for employees under 21

Sian Steele, PwC partner, says: "Dissolving employment taxes for under 21 year olds is a welcome and sensible move to get employers to give jobs...

Autumn Statement: PwC warns investment in UK's oil rigs on the line after 'bareboat' cap

The government has said today that it will cap the amount deductible for intra-group leasing payments for large offshore oil and gas assets, (eg oil...

Autumn Statement - PwC comments on change to controlled foreign companies rules

Stella Amiss, international tax partner at PwC, says: "In today's Autumn Statement Chancellor was keen to demonstrate that his policy of reducing tax rates and...

Autumn Statement: PwC comments on film tax relief

Emma Richards, tax senior manager at PwC, said: "PwC welcomes the proposed changes to film tax relief, which increase the relief available to 25% on...

Autumn Statement 2013 - PwC's head of tax, Kevin Nicholson, comments

Kevin Nicholson, head of tax at PwC, said: "The Chancellor delivered a dose of economic good news which will give business and investors confidence. Overall...

Autumn Statement: PwC on public policy, skills, SMEs, jobs & youth employment

Reacting to the Autumn Statement, Paul Cleal, head of the government and public sector, PwC said: "Refuelling the labour market in a sustainable way is...

Autumn Statement: PwC comments on positive tax changes for employee share plans

Carol Dempsey, reward partner at PwC, said: “It is great news that the Government continues to make it attractive for employers to provide shares to...

Autumn Statement: PwC comments on measures to tackle abusive employment intermediaries

Sean Drury, leader of PwC's employment taxes practice, said: "The Chancellor's statements about tackling abusive structures that disguise an individual's true employment status are to...

Autumn Statement 2013 - PwC chief economist comments on public finances

John Hawksworth, PwC’s chief economist, said: “In summary, this was a prudent package based on the view that recent economic improvements may not be sustainable...

Autumn Statement 2013 - Allowing REITs to invest in other REITs will help regime grow, says PwC

Commenting on news that the Government confirmed in today's Autumn Statement that they will legislate to include REITs within the definition of 'institutional investor', Rosalind...

Autumn Statement 2013: PwC comments on business rates

Please call for any further information or comment. Simon's mobile - 07768 648454 Simon Tivey of PwC said: "The new 50% "reoccupation" relief for small...

Islamic finance : PwC comments on UK insurance action growth plan

Last night the Government announced its UK insurance growth action plan. As part of this, it was stated that the Government will work with insurers...

Autumn Statement & UK insurance growth action plan - PwC comments on impact for insurance companies

Jonathan Howe, UK insurance leader, PwC, comments on today's Autumn Statement and the UK insurance growth action plan released last night: "It is very positive...

Autumn Statement 2013: PwC comments on Capital Gains Tax and residential property

Rosalind Rowe, real estate tax partner at PwC, said: "There was some good news for homeowners and property investors in the Chancellor's statement today. "It...

Autumn Statement - PwC comments on paper tax disc abolishment

In light of the decision to scrap the paper tax disc, Jonathan Evans, PwC tax Partner, commented: "This will make things easier administratively, although it...

Autumn Statement - PwC comments on bank levy increase

Matthew Barling, PwC banking tax partner, said: "Each bank levy rate rise is a double hit for the UK’s competitiveness – it makes the UK...

Autumn Statement - PwC comments on partnership tax review

Mark Saunders, tax director at PwC, said: "Some businesses have exploited the use of partnerships to avoid national insurance contributions and this needs to be...
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