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63 press releases from March 2015

31 March 2015

GDP figures - PwC's senior economic adviser comments

Commenting on the GDP figures out today, Andrew Sentance, senior economic adviser, PwC, said: "It is not surprising to see GDP being revised up for...

30 March 2015

Asset managers return to optimism but remain vigilant about the future– CBI/PwC Financial Services survey

Optimism has returned to the asset management sector following a dip at the end of last year, according to the latest CBI/PwC Financial Services Survey,...

Insurers’ confident growth will come from retail market despite intense competition – CBI/PwC Financial Services Survey

Confidence in the retail market and spending power of the individual is a consistent theme across the insurance industry and reflects overall optimism in the...

Financial services firms remain upbeat as profitability improves – CBI/PwC

Employment falls for second quarter Optimism in financial services rose strongly in the three months to March and profitability improved in most sectors, according to...

26 March 2015

FCA publishes final Retirement income market study – PwC comments

The FCA published its Retirement Income Market study this morning. Its final confirmation that the retirement income market is not working well for customers should...

Local State We’re In 2015: councils still under pressure

Only one in ten council Chief Executives are confident their council can protect frontline services in the face of continued austerity over the next five...

25 March 2015

Women on Boards – PwC comments on findings from Lord Davies’ progress report and Cranfield University’s School of Management's Female FTSE Board report

Findings from Lord Davies' review of female representation on Boards and a report commissioned by Cranfield University today reveal that the UK has made huge...

‘Managing in a New Normal’ 2015 survey shows charities in resilient and optimistic mood but finds that they still need to prepare for an ever challenging future

Research launched today shows that 70% of respondents said that their charity had experienced an increase in demand for their services over the past 12...

24 March 2015

FCA Risk Outlook and Business Plan publication - PwC comments

In response to today's publication of the FCA's Risk Outlook and Business Plan, David Kenmir, financial services risk and regulation partner at PwC, commented: "Financial...

FCA Risk Outlook and Business Plan publication - PwC comments on insurance implications

In response to today's publication of the FCA's Risk Outlook and Business Plan, Lee Clarke, financial services risk and regulation partner at PwC, commented: "Financial...

Inflation figures - PwC chief economist comments

Commenting on the ONS monthly inflation figures out today, John Hawksworth, PwC’s chief economist, said: "Consumer price inflation fell to a record low of zero...

FCA Risk Outlook and Business Plan publication - PwC comments on asset management implications

In response to today's publication of the FCA's Risk Outlook and Business Plan, Amanda Rowland, financial services risk and regulation partner at PwC, commented: "The...

Pensions and shares ‘most popular employee benefits’: PwC

Long-term savings such as pensions and share schemes are the most popular rewards offered by employers, a PwC survey shows. A PwC survey of 2,400...

PwC comment on ONS house price data: UK housing market continues to slow down

Commenting on the ONS house price figures out today, Richard Snook, senior economist, PwC, said: "Today's ONS data shows that average house prices in the...

2015 transactions of unloved European loans will top €100bn – PwC

600 bankers and investors gather in London for 6th PwC annual bank restructuring and loan portfolio conference. Five more years of loan-dealing for banks to...

23 March 2015

PwC: UK unsecured debt set to rise to nearly £10,000 per household by the end of 2016

Unsecured debt bounces back: 2014 saw unsecured debt rise by 9% to an all-time high, in cash terms, of £239bn or close to £9,000 per...

19 March 2015

PwC comments on Government's Tackling Tax Evasion and Avoidance paper

Simon Wilks, tax partner at PwC, said: "It's good to see the Government taking a clear stand on tax evasion which is illegal. We welcome...

18 March 2015

Budget: PwC comments on the spectrum

Commenting on the spectrum announcement, Darren Shea, telecoms senior manager at PwC, said: "As the strong uptake of high speed 4G data continues in the...

Budget: PwC comments on the Internet of Things

Commenting on the Government's investment of £40 million to develop the Internet of Things (IOT) technologies, Jaya Deshmukh, director at PwC , said: "The Government...

Budget: PwC comments on alcohol duty

Commenting on alcohol duty, Matthew Paul Clark, PwC's head of UK Customs, Excise and International trade, said: "These cuts will be welcomed by the alcohol...

Budget: PwC comments on changes to pensions annuities' arrangements

Responding to the announcement that the government will extend its pension freedoms to existing pensioners to allow them to sell their annuities, PwC Pensions partner...

Budget 2015 - PwC comments on the impact of the Budget on manufacturing

Speaking about the Budget's impact on the manufacturing industry, Andrew Dale, partner at PwC, said: “The Chancellor was keen to show his ongoing support for...

Budget 2015 - PwC comments on the impact on UK industry

Speaking about the Budget’s impact on UK industry, Justin O’Hagan, tax partner at PwC, said: “This Budget wasn't a radical one for UK industry but...

Budget: PwC comment on sharing economy announcement

John Hawksworth, chief economist at PwC, said: "We think UK sharing economy revenues have the potential to grow to around £9 billion by 2025. We...

Budget 2015: PwC comments on flood defence

Jon Williams, PwC sustainability and climate change partner, said: "The decision to bring forward £140m of the £2.3bn six-year flood defence programme is to be...

Budget: Payrolling of Employee Benefits could save UK employers £20m a year, says PwC

The Chancellor's announcement that from April 2016 it will allow employers to collect tax on certain employee benefits each pay period via the payroll, rather...

Budget 2015 - PwC comments on the oil and gas tax announcement

Against a backdrop of maturing oil fields, high production costs, an extremely complex tax regime and low oil prices, the eyes of the oil and...

Budget : PwC - Personal Savings Allowance: people could be caught out

One of the biggest Budget giveaways is the personal savings allowance which will allow basic rate taxpayers £1,000 tax free a year, £500 for higher...

Budget: PwC comments on pensions lifetime allowance

Responding to the announcement of a reduction in the lifetime pensions allowance from £1.25m to £1m, Philip Smith, head of defined contribution pensions at PwC,...

Budget 2015: PwC comments on apprenticeships and NI contributions

Nick Jones, director at PwC’s public sector policy unit, said: “Our work on Good Growth for Cities has shown the importance of investing in skills...

Budget: PwC welcomes impact of increases in National Minimum Wage and Personal Allowances on the lower paid

PwC welcomes impact of increases in National Minimum Wage and Personal Allowances on the lower paid. John Harding, partner in PwC's pay, performance and reward...

Budget 2015 - public sector

Nick Jones, director at PwC’s public sector policy unit, said: Growth stimulus “Measures for business with particular incentives for local growth and further targeted decentralisation...

Budget 2015 - PwC comments on the transport industry

Commenting on the measures to speed up lorry driver training, Andrew Norris, director at PwC, said: “Put simply, you need people to move goods around,...

Budget - PwC comments on the creative sector

Commenting on the support for the creative sector, Emma Richards, senior manager at PwC, said: "The reduction in minimum UK expenditure requirements for television tax...

Budget: PwC comments on the horserace betting right

Commenting on the horserace betting right, Gareth Martyn indirect tax director in PwC's betting and gaming team, said: "Betting companies will take a particular interest...

Budget 2015 - Savers, Personal Savings Allowance and Tax Returns

Iain McCluskey, tax director at PwC, said: “This was a Budget for thrifty middle England – supporting those who are fixing their roofs, saving for...

Budget - PwC comments on Tax Avoidance measures and Diverted Profits Tax

Tax avoidance Alex Henderson, tax partner at PwC, said: "The Government has earmarked £3.1bn from a combination of tightening tax law as well as targeting...

Budget: PwC comments on exemption for trivial benefits for employees

The Chancellor has announced that from April 2015 'trivial' benefits for employees costing less than £50 will be tax exempt. John Harding, employment tax partner...

Budget: Creative councils can reduce rates burden on shared workspace

Commenting on the business rates issues in today's Budget, Simon Tivey, Head of Rating at PwC, commented: "The Chancellor is encouraging councils to get creative...

BUDGET 2015 – PwC comments on secondary annuity market

PwC’s UK Insurance leader Jonathan Howe commented: “The initial excitement of those with the new option of cashing-in their existing annuities is justified – dealing...

BUDGET 2015 – PwC comments on Insurance Linked Security market

Colin Graham, UK Insurance Tax leader at PwC, commented: "The announcement today of a commitment to develop an Insurance Linked Security (ILS) regime in the...

Chancellor ends austerity a year early, with majority of households gaining from Budget

New projections by the OBR show that public borrowing will be very slightly lower in each year from 2014/15 to 2018/19, but the projected budget...

Budget: PwC comments on cart and horse dilemma on business rates growth

Commenting on the business rates issues in today's Budget, Simon Tivey, Head of Rating at PwC, commented: "The widening of the business rates retention scheme...

Budget - PwC says bank levy increase will be a blow to banks

Matthew Barling, PwC banking tax partner, said: "Today's announcement will be a blow to the UK banking industry. Coming hard on the heels of the...

Budget 2015 - Property

In response to the Chancellor's Budget statement on new initiatives to help address the housing shortage in the capital and beyond, Robert Walker, PwC real...

17 March 2015

Companies slowing pension deficit repair at record rate, says PwC research

More than half of company pension funds have lengthened deficit recovery plans by three years or more, new survey research by PwC shows. In its...

BUDGET 2015 - PwC insurance leader comments on annuity rules extended for existing pensioners - the obvious next step

Jonathan Howe, UK Insurance Leader at PwC, commented: “From a consumer perspective, the proposals are exciting and, if buy-back is used wisely, it will be...

PwC launches ‘Into Africa - the continent's cities of opportunity’ report to highlight potential of the continent and provides some surprises

LONDON - Today at the Africa CEO Forum 2015 in Geneva, PwC launches the first edition of its report ‘Into Africa - the continent's cities...

16 March 2015

Net loss of stores rockets almost threefold says PwC and Local Data Company

Mobile phone shops, former bank branches , money services shops suffering Charity shops, coffee shops and E-Cigarettes outlets bucking the trend Despite the rate of...

11 March 2015

Digital evolution acts as catalyst for regional growth

6% of UK workers (10% in central London) are doing jobs that did not exist in 1990, mostly linked to new digital technologies. London has...
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