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48 press releases from July 2015

29 July 2015

PwC And Tanium Form Strategic Alliance, Bring New Cyber Security Services to Market

Unique partnership will bring together top-notch security expertise with ground-breaking technology that enables 15-second endpoint visibility and control to empower the largest and most important...

FCA finds firms still failing to fully manage benchmark risks - PwC comments

In response to the Financial Conduct Authority’s thematic review of oversight and controls of financial benchmarks published today, Simon Hunt, PwC's UK banking and capital...

PwC grows its regional pension teams to meet client demand

PwC has strengthened its pensions team with the promotions of a new equity partner and three new directors. This investment is on the back of...

More companies planning to ditch annual performance reviews and ratings, but will employees benefit? PwC research

Two thirds of large companies are making changes to their end of year performance reviews, with 5% of organisations considering dropping performance ratings altogether –...

28 July 2015

GDP figures - PwC's senior economic adviser comments

In response to new GDP data released today, Andrew Sentance, senior economic adviser, PwC, said: "UK GDP rebounded in the second quarter, as expected, with...

22 July 2015

Almost a quarter of all UK households renting privately by 2025 and over half of 20-39 year olds

By 2025, there may be slightly more people renting privately than owning with a mortgage. There will also be a greater number of (mostly older)...

21 July 2015

PwC commits its support to ex-military personnel

PwC has formally marked its continued commitment to the British Armed Forces by signing the Corporate Covenant at an official ceremony held at the Royal...

17 July 2015

PwC comments on Government's Proposals to Tackle Tax Evasion

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...

PwC appoints Stephen Soper as senior pensions adviser

PwC has appointed Stephen Soper as senior pensions adviser. Stephen will join PwC’s pensions credit advisory team in September. He joins from The Pensions Regulator,...

PwC UK admits record 57 new equity partners

New partners include flexible workers and non-university graduates PwC, the professional services firm, has admitted a record 57 new equity partners to the firm. The...

15 July 2015

Cyber risk is number one concern for UK insurers, finds CSFI/PwC survey

Cyber risk tops the list of concerns for UK insurers, according to the annual ‘Banana Skins’ survey of perceived risks to the sector by the...

14 July 2015

PwC comments on large companies being forced to publish their gender pay gaps

PwC - one of only a handful of companies to already voluntarily publicly report its gender pay gap - comments on the Government’s plans to...

Inflation figures - PwC's senior economic adviser comments

Commenting on the ONS monthly UK inflation figures out today, Andrew Sentance, senior economic adviser, PwC, said: "Inflation has been around zero for five months...

Continued business optimism sees asset managers investing in staff and compliance

Optimism continues to rise for asset managers, amid good equity market performance and consumer optimism following the general election, according to the CBI/PwC Financial Services...

13 July 2015

PwC Legal continues corporate expansion with additional partner hire

Oliver Williams has joined PwC Legal as a partner from DLA. Prior to DLA, Oliver was with Weil Gotshal. Oliver advises on all aspects of...

10 July 2015

Productivity Plan - PwC's economists comment

Commenting on the government's Productivity Plan launched today, John Hawksworth, PwC’s chief economist, said: "The UK economy has been an exceptional job-creating machine over the...

Crown Estate publishes PwC Insight report into Total Contribution Methodology

Crown Estate continues to pioneer approach to measure and report on how its business activities create value and directly impact its broader performance beyond financial...

08 July 2015

Budget: PwC's public sector team comment on the Budget, examining the deficit; decentralisation; growth.

Budget: PwC's public sector team comment on the Budget, examining the deficit; decentralisation; growth. Tina Hallett, head of public sector, PwC “Lower Tax, lower welfare,...

Budget: £7.2bn anti-avoidance target will come more from compliance than new measures

Commenting on the raft of anti-avoidance measures announced in the Budget, Stella Amiss, tax partner at PwC, said: "The Government's manifesto had a much trailed...

Budget - PwC comments on plans to restrict tax relief for pension contributions

Peter McDonald, pensions partner at PwC, said: “This makes a complicated pensions tax system even more complicated. An ad-hoc change just disengages business leaders from...

Budget - PwC comments on Local Government Pension Scheme asset pooling

Mark Packham, public sector pension director at PwC, said: “Today’s announcement on asset pooling should go a long way to address the affordability of the...

Budget - PwC comments on the new National Living Wage

Commenting on the new National Living Wage which is coming in for over 25's, John Harding, employment tax partner at PwC, said: “This is great...

Budget - PwC comments on pension changes

Commenting on the Government's announcement that it will launch a consultation to radically change how pensions are taxed, Peter McDonald, pensions partner, said: “This review...

Budget: Office of Tax Simplification gets much bigger mandate

In the Budget book, the Government has said it will establish the Office of Tax Simplification (OTS) on a permanent basis with an expanded role...

Budget: PwC comments on Yorkshire devolution

In response to the announcement today that West Yorkshire and Sheffield are working with the Government to get more devolved powers, Ian Morrison, PwC’s Yorkshire...

Budget: PwC comments on increase in Insurance Premium Tax from 6% to 9.5%

Ben Flockton, PwC Insurance tax partner, said: "Increasing the basic rate of IPT from 6% to 9.5% will clearly not be welcomed by insurers. It...

Budget: Local newspapers get a business rates boost – PwC comments

The expectations of a real modernisation and simplification of the business rates system were raised again in the Budget today. Simon Tivey, head of rating...

Budget: PwC comments on Climate Change Levy Exemption

Ronan O'Regan, director, PwC energy and utilities, said: "The removal of the Climate Change Levy(CCL) exemption will reduce the level of support for renewable projects....

Budget - PwC comment on implications for government departmental budgets & Spending Review

Commenting on the implications of the Budget for departmental budgets, the Spending Review and underpinning UK growth: Tina Hallet, head of public sector, PwC, said:...

Budget: PwC comments on Chancellor's Annual Investment Allowance business boost and 'Decentralisation Nation' efforts

Stephanie Hyde, head of regions and executive board member at PwC, says: "For companies across the UK, the prospect of the Annual Investment Allowance falling...

Budget: PwC comments on the apprenticeship levy for large firms

Chris Kirk, Education Partner at PwC, said, "It is encouraging that the Chancellor has confirmed this government's commitment to apprenticeships, which have a vital roll...

Budget: Entrepreneurs lose out from changes to tax on dividends (tax rate increases by nearly 20%)

Commenting on the changes to the taxation of dividends, Alex Henderson, tax partner at PwC, says: "The changes to the taxation of dividends remove the...

Budget: PwC on personal tax measures 'a thank you to middle England'

Iain McCluskey, tax partner at PwC, said: While not as radical as the Chancellor made it out to be, the Budget was a thank you...

Budget - PwC comments on impact of interest relief withdrawals on buy-to-let property

Robert Walker, PwC real estate partner, said: "Today's changes do nothing to address the fundamental lack of supply in the UK housing market and ultimately...

Budget: PwC comments on tax rises for private equity

Alex Henderson, tax partner at PwC, says: "The changes to the taxation of private equity carried interest bring to an end a basis of taxation...

Budget - PwC comments re insurance sector

In response to the Chancellor's Budget announcement on Wednesday, Colin Graham, PwC Global Insurance Tax leader said: “The Summer Budget will largely be viewed as...

Budget - PwC comments on bank levy

In response to the Chancellor's Summer Budget, Matthew Barling, PwC banking tax partner said: "The reform and reduction in the bank levy will be welcomed...

Budget: Chancellor smooths pace of spending cuts but still a lot of pain to come - PwC comments

New projections by the OBR show that public borrowing will be lower than expected this year, but will then fall more slowly over the next...

Budget: PwC comments on Manchester's further devolved powers

Commenting on the announcement in today's Budget that Manchester is to have more control over land, fire, children's services and employment programmes, Iwan Griffiths, PwC’s...

Budget: PwC says changes for non doms are a 'game changer'

Alex Henderson, tax partner at PwC, says: "The changes for non doms weren't unexpected after the attention they received in the Election campaign, but are...

Budget: Cut to corporation tax a bold move

Commenting on the announced corporation tax cut to 19% 2017-18, and 18% from 2020-2021 Stella Amiss, international tax partner at PwC, said: "This is a...

07 July 2015

PwC comment on CMA’s provisional findings / energy market investigation

Stuart Cook, Director, PwC Energy & Utilities comments on the CMA provisional report: “The findings have three themes: reasserting the critical role of the market;...

Connectivity and automation transform the face of finance forever

Finance professionals in top quartile companies cost 40% less than their median peers and spend 20% more time on analysis vs. data gathering The nature...

Asda selects Skyval to provide pension accounting disclosures

Asda has selected PwC to provide pension accounting services using Skyval for its defined benefit pension scheme. Asda appointed PwC due to the team having...

06 July 2015

SMMT New Car Registrations Figures: UK automotive industry continues its success story

Commenting on the latest SMMT new car registrations figures released today, Phil Harrold, automotive partner at PwC, said: "These results continue the good news story...

PwC: 64% of Insurance CEOs see increasing tax burden as a threat to their growth prospects

Tax teams are set to play a more prominent role in policy and strategic decisions, as insurers attempt to find growth whilst adapting to a...

01 July 2015

PwC appoints Lord O’Donnell and Justin King CBE to its Public Interest Body

PwC, the professional services firm, has appointed Lord O’Donnell, the former Cabinet Secretary and Head of the British Civil Service, and Justin King CBE, the...

Decentralisation critical to local growth and public sector reform, but government and local leaders must step up to deliver the dividend in full

More than one in five English local authorities expects to become part of a new combined authority, governed by an elected mayor, by 2020, according...
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