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67 press releases from March 2014

31 March 2014

IPCC findings - PwC comments

Following the release of the Intergovernmental Panel on Climate Change (IPCC) findings from Working Group 2 (WG2), on impacts, vulnerability and adaptation to climate change,...

British public unprepared for extreme weather scenarios and don’t plan to pay

00.01 Monday 31st MARCH 2014 More than a quarter of British adults (27%) are unsure whether or not they have any insurance that protects/ covers...

Steady growth continues in financial services – CBI/PwC

Firms’ investment intentions and employment opportunities increase Financial services firms’ business volumes continued to grow at a steady pace in the three months to March...

28 March 2014

PwC preview the Intergovernmental Panel on Climate Change – Working Group II: Impacts, adaptation & vulnerability.

PwC Sustainability & Climate Change team preview the implications of the IPCC Working Group II report on climate change impacts, adaptation and vulnerability. We focus...

27 March 2014

Government confirms 0.75% cap on pension charges – PwC comments

The Government has today confirmed that a 0.75% cap on charges will apply for anyone automatically enrolled into a workplace pension from April 2015. Philip...

ONS retail sales data - PwC comments

In response to the publication of today's latest ONS retail sales data, John Hawksworth, chief economist at PwC, commented: "February was a strong month for...

68% of insurers are still less than half way through their Pillar 3 reporting journey- PwC poll

71% are still at the 'assess' stage of preparations, only 2% feel they are at an implementation stage. 39% think there will be some impact...

PwC comment on competition review of energy market

Commenting on OFGEM's decision to refer the energy market to the Competition and Markets Authority, Ronan O'Regan, a director in PwC's Energy practice said: "A...

25 March 2014

Albemarle & Bond Holdings Plc (in administration)

For immediate release, 25 March 2014 Albemarle & Bond Holdings Plc (in administration) Albemarle & Bond Jewellers & Pawnbrokers Limited (in administration) Herbert Brown &...

ONS house price data - PwC comments

Today's latest ONS house price data shows that average house prices in the UK grew by 6.8% between January 2013 and January 2014. This compares...

PwC comment on new offshore manufacturing hub for Hull - "the first to convert plans to reality"

Commenting on the Siemens announcement to create a multi million pound manufacturing hub in Hull, Ronan O'Regan, director, PwC energy and a specialist in renewables...

Budget 14 changes to pensions regime - PwC comments on impact to asset management industry

On 19th March 2014 the Chancellor announced that savers would no longer be compelled to purchase annuities upon retirement. As the dust begins to settle,...

24 March 2014

Product innovation is key PwC insurance leader comments on the Budget 14 changes to pensions regime

As the dust begins to settle following one of the biggest changes to the UK pensions regime in the 2014 Budget, UK insurance leader, Jonathan...

22 March 2014

‘Skip tax’ row could rear its head again with changes in Budget to landfill tax

· Landfill tax rates increase in line with RPI from 1 April 2015 · New testing regime for materials to combat exploitation of difference in...

21 March 2014

Internacionale UK Limited- in administration- Update

For immediate release: Friday 21 March Internacionale UK Limited – in administration (“Internacionale” or “the Company”) Bruce Cartwright, joint administrator and partner at PwC said:...

Free guidance at retirement guarantee could cost up to £120m a year, says PwC

The Government’s promise of delivering free, face-to-face guidance for people with defined contribution (DC) pensions at retirement could cost as high as £120m a year,...

Multiple retailer closures slow from 20 stores a day to 16 stores a day across Great Britain’s town centres in 2013, says PwC and Local Data Company analysis

Women’s fashion shops, banks, video libraries, travel agents, mobile phone outlets, recruitment agencies and shoe shops are falling in numbers Charity shops, convenience stores, betting...

20 March 2014

Budget boost for pension buy-outs

The changes to defined contribution (DC) schemes, announced in yesterday’s Budget, could provide a potential major boost for defined benefit (DB) schemes' de-risking options, according...

Budget - PwC comments on impacts for the oil and gas industry

The Budget is a very mixed bag for the oil and gas companies, according to Alan McCrae, UK Head of Energy Tax at PwC. He...

19 March 2014

Budget: PwC omments on the changes to film tax relief

David Turner at PwC, said: "We welcome the changes to film tax relief which should encourage further investment into the thriving UK film industry, and...

Budget: PwC comments on the impact today's Budget will have on the hospitality and leisure industry

Stephen Broome, hospitality and leisure senior consultant at PwC, said: "Pubs, restaurants and bars should all benefit from today’s announcement that the Chancellor has scrapped...

Budget - PwC comment on energy capacity & emissions impact

Commenting on the impact of the Carbon Price Support freeze on energy capacity Ronan O'Regan, director, energy and renewables said: "One major impact of the...

Budget - PwC - Personal allowance /40p threshold changes not as generous as might have seemed

Alison Hill, tax director at PwC says: "Looking in more detail at the interaction between the personal allowance increases and changes to the higher rate...

Budget 2014 – PwC comments on revisions to HMRC’s stance on Dual Contracts

Sean Drury, head of employment solutions at PwC, said: “It's good news that HMRC has made clear that multiple employment arrangements or "Dual Contracts" have...

Budget - PwC comments on apprenticeships

Sara Caplan, partner, PwC, education & skills, comments on the Apprenticeship related developments in the Budget. “Extending the grants to support 100,000 apprenticeships is great...

Budget- PwC comments on enterprise investment boosts for business

Philip Hare, business expert at PwC said: "The Chancellor commented on the success of the Seed Enterprise Investment Scheme, Enterprise Investment Scheme and Venture Capital...

Budget - PwC comments on plans to scrap requirement to buy life insurance annuity

Commenting on the Chancellor's announcements to scrap a requirement that pension savings be used to buy a life insurance annuity, UK insurance leader at PwC,...

Budget - PwC comments on carbon price support & competitiveness

Jayne Harrold, environmental tax specialist, PwC, comments on the capping of the Carbon Price Support rate at £18.00 from 2016-17 to 2019-20. “In many ways,...

Budget - PwC comments on manufacturing

In light of manufacturing announcements made in the 2014 Budget, Darren Jukes, PwC UK manufacturing leader, commented: "The Budget announcement has been good news for...

Budget- PwC comments on small business boosts

Sian Steele, family business partner at PwC said: “Moves to drive investment into the film, theatre, small businesses and enterprise zones will be welcome, particularly...

Budget 2014 - PwC comments on pensions changes

Ed Wilson, pensions director at PwC, said: “It seems that savers’ wishes for a simpler and more flexible pensions system have been granted, at least...

Budget - PwC chief economist comments on 'swings and roundabouts' Budget

John Hawksworth, chief economist at PwC, said: "This was a cautious 'swings and roundabouts' Budget at the macroeconomic level, but did find room for some...

Budget - PwC comments on business rate boost for the high street

Simon Tivey, head of rating, PwC, said: “The £1,000 rate relief for retailers that has been continued into next year is a real boost for...

Budget - PwC comments on measures for individuals - Personal allowance/40p, married couple allowance & ISAs

Personal allowance Alison Hill, personal tax director, at PwC says: "The rise in personal allowance will provide a little help to a very large number...

Budget: PwC comments on the increase of duty rate for fixed odds betting terminals

Gareth Martyn indirect tax director in PwC's betting and gaming team, said: "The proliferation of fixed odds betting terminals on the high street have been...

Budget: PwC comments on the consultation to extend the horse race betting levy to bookmakers who are based offshore

Gareth Martyn indirect tax director in PwC's betting and gaming team, said: "Offshore betting businesses have been bracing themselves for the introduction of a duty...

Budget: PwC comments on the reduction in bingo duty to 10%

Gareth Martyn indirect tax director in PwC's betting and gaming team, said: "The surprise halving of bingo duty to 10% brings the rate below the...

Budget - PwC comments on measures to tackle tax avoidance

Simon Wilks, tax partner at PwC, says: Most of the budget measures on avoidance were expected. The most significant is confirmation that the “Accelerated Payments”...

Budget - PwC comments on construction

In light of construction announcements made in the 2014 Budget, Chris Temple, PwC UK engineering & construction UK lead, commented: "House building needs a significant...

Budget - PwC head of tax comments on overall impact

Commenting on the 2014 Budget, Kevin Nicholson, head of tax at PwC, says: "There were lots of positive messages on growth and exports but this...

Budget 2014: PwC comments on property taxes

Rosalind Rowe, real estate tax partner at PwC, said: "The Government has announced the extension of the mansion tax to homes over £500,000 bought through...

Budget - PwC comments on funding for flood defences

Jon Williams, partner, PwC, said; "The Chancellor's announcement that £140m additional funding will be made available for immediate repairs to flood damaged defences is welcome,...

Budget - PwC comments on bank levy re-design

HM Treasury's Budget 2014 document reveals plans for bank levy re-design. The government will consult on the merits of a new charging mechanism for the...

Budget - PwC comments on flood defences

In response to the Chancellor's announcement of £140m of new funding for flood defences, Dom del Re, climate change catastrophe insurance expert at PwC, said:...

Budget - PwC comments on impacts for the oil and gas industry

The Budget is a very mixed bag for the oil and gas companies, according to Alan McCrae, UK Head of Energy Taxat PwC. He said:...

14 March 2014

PwC confirmed as sponsor for International Festival for Business 2014

PwC has been unveiled as an official festival supporter of the International Festival for Business 2014 joining Peel, with further sponsors to be announced in...

13 March 2014

Bankers' bonuses clawback proposals - PwC comments

The Prudential Regulation Authority (PRA) has today issued a consultation paper which proposes extending the Remuneration Code so that bankers’ bonuses can be clawed back...

PwC comment on Public Sector pay

Nick C Jones, director, PwC Government & Public Sector comments on the Public Sector Pay announcement: "A pay increase will be some good news for...

PwC: Less than half of people in the UK are loyal to their traditional bank

A PwC-commissioned poll of 2, 054 people across the UK has revealed that less than half (41%) of people are loyal to their traditional banks....

11 March 2014

Real estate investors take on more risk as competition for assets increases: PwC and ULI

Real estate investors will move up the risk curve as competition for core assets intensifies, according to Emerging Trends in Real Estate 2014, a report...
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