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51 press releases from November 2015

30 November 2015

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is pleased to announce the sale of the Caparo Tubular Solutions business to the Gupta family, whose interests include the SIMEC and Liberty House...

27 November 2015

Outstanding Industry Contribution Award goes to PwC partner at British Accountancy Awards

Tony Lomas, a senior partner at PwC and the chairman of its UK Business Recovery Services team, has received the Outstanding Industry Contribution Award at...

First Chinese Business Leaders Awards recognises influential PwC partner

Suwei Jiang, PwC UK's Head Of China Business, has won the excellence in accounting and finance award at the first Chinese Business Leaders Awards. The...

26 November 2015

AS/SR15 – what it means for our universities

Ian Looker, partner at PwC, comments on what the Spending Review means for universities: "For many in our universities the reaction to the Spending Review...

PwC bubble illustrates climate change challenge ahead of COP21

In less than a week, 196 governments will descend on Paris to agree a global climate deal at COP21 (or the 21st Conference of Parties...

25 November 2015

SR/AS 2015 - PwC comments on the manufacturing and automotive impacts

Cara Haffey, industrial manufacturing leader, PwC comments on the impact of the Autumn Statement on UK manufacturing: “Manufacturing is a significant cog in the UK’s...

SR/AS 2015 - PwC comments on climate change and energy announcements

PwC on today's climate change and energy announcements Jayne Harrold, indirect tax senior manager at PwC, commented: “It was no surprise to see a real...

SR/AS 2015 - PwC comments on impact of Spending Review on transport sector

Commenting on the government's announcement today regarding the UK's transport expenditure, Charles Johnson- Ferguson, rail sector leader and partner at PwC, said: “The government continues...

SR/AS 2015 - PwC chief economist comments on impact of Autumn Statement on 'generation rent'

John Hawksworth, chief economist at PwC, said: "The Chancellor announced a significant increase in spending on housebuilding, which will be very welcome in countering chronic...

SR / AS 2015 - PwC's head of nuclear energy comments on investment plans for this sector

Fiona Reilly, head of nuclear energy at PwC, commented on energy infrastructure investment plans outlined in today's Autumn Statement, saying: "The Chancellor's commitment to 'doubling...

AS/SR – PwC comments on Government criteria for pooling Local Government Pension Schemes (LGPS) into six funds

PwC carried out detailed technical analysis of the different collective investment vehicles and their tax arrangements, which is available here: https://www.gov.uk/government/publications/localgovernment-pension-scheme-investment-reform-criteria-and-guidance. Mark Packham, local government...

SR / AS 2015 - PwC comments on museums and galleries

Commenting on the potential introduction of a new tax relief for museums and galleries, David Turner, senior manager at PwC, said: "We welcome the potential...

Diesel drivers in for a nasty tax surprise – PwC comments

The Government has announced that the 3 percentage point differential between diesel cars and petrol cars for calculating the benefit in kind value for a...

SR/AS 2015 - PwC head of government & public sector comments on Spending Review

Following the Spending Review, Tina Hallett, head of government & public sector at PwC, said: "In this Spending Review, the Chancellor has clearly prioritised economic...

SR/AS 2015 - PwC comments on £600m additional funding for mental health

Commenting on the £600m additional funding for mental health, Gaenor Bagley, head of people at PwC, said: “It is encouraging that the Government has recognised...

SR/AS 2015 - PwC comments on climate change and energy announcements

Jayne Harrold, indirect tax senior manager at PwC, commented: “It was no surprise to see a real focus on value for money in relation to...

SR / AS 2015 - PwC comments on Autumn Statement growth forecasts

Andrew Sentance, senior economic adviser, PwC, said: "Economic growth holds the key to the Chancellor's Autumn Statement and Spending Review. GDP growth of around 2.5%...

SR/AS 2015 - PwC comments on delay in auto enrolment contribution increases

PwC comments on delay in auto enrolment contribution increases The Government has confirmed that it will delay the next two scheduled increases in automatic enrolment...

SR / AS - PwC comments on the apprenticeship levy

Commenting on the apprenticeship levy, John Harding, employment tax partner at PwC, said: “It is great to see the government's commitment to investing in apprenticeships,...

SR/AS 2015 - PwC comments on impact of Spending Review on healthcare

Speaking about the impact of the Spending Review on healthcare, Quentin Cole, healthcare partner at PwC, said: “The Chancellor’s emphasis on achieving an integrated health...

SR/AS 2015 - PwC comments on impact of Spending Review on public sector

Speaking about the impact of today's Spending Review on the public sector, Nick Jones, director of PwC's Public Sector Research Centre, said: "The scene is...

SR / AS 2015 - PwC comments on new digital tax accounts / capital gains tax payments

Kevin Nicholson, head of tax at PwC: "Moving the world of tax compliance into the digital age is a really positive step. Helping people pay...

SR / AS 2015 - PwC comments on stamp duty

The Chancellor has announced an unexpected tax rise for buy-to-let and second home buyers – an additional 3% stamp duty on new purchases to raise...

SR/AS 2015 - Chancellor gains room to manoeuvre from surprise reduction in borrowing forecasts: PwC chief economist comments

John Hawksworth, chief economist at PwC, commented that: “The Chancellor got an early Christmas present from the OBR when they reduced their projections for underlying...

SR/AS 2015 - PwC comments on public sector asset sales

The full document of the Spending Review and Autumn Statement 2015 states that (taken from full document): The government is seeking up to a further...

SR / AS 2015 - PwC comments on business rate reform

Philip Vernon, PwC business rates leader, commented; "The Chancellor's announcement to create 26 new Enterprise Zones in rural areas is an important part of the...

SR / AS 2015 - PwC comments on tax credit changes

Commenting on the announcement that tax credit changes that would come into effect from 6 April 2016 will be cancelled. Iain McCluskey, tax director at...

24 November 2015

FRC Financial Reporting Lab's "Disclosure of dividends - policy and practice" report - PwC comments

Commenting on today's publication of the FRC Financial Reporting Lab's "Disclosure of dividends - policy and practice" report, James Chalmers, PwC's UK Head of Assurance...

Government announces £4bn funding for NHS - PwC comments

Following the government's announcement of an extra £4bn funding for the NHS, Quentin Cole, healthcare partner at PwC, said: "George Osborne is right to recognise...

Europe's first PwC and Google Innovation Lab launched in Belfast

A European PwC and Google Innovation Lab has been unveiled today in PwC’s Northern Ireland headquarters in Belfast. The PwC and Google Innovation Lab is...

23 November 2015

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is pleased to announce the sale of Caparo Wire in Wrexham to Rcapital. This deal safeguards the jobs of 79 employees. The business specialises...

Half of public want deficit eliminated in five years – PwC survey

Research by PwC has shown that half of the public continue to believe it is important that the deficit is eliminated over the next five...

20 November 2015

PwC wins gold award for its support for the armed forces

PwC has been awarded a gold award from the Ministry of Defence for its support and commitment to Defence personnel. PwC’s support includes running networking...

Public finance figures - PwC chief economist comments

In response to new public finance data released today, John Hawksworth, PwC’s chief economist, said: "Today's public finance data were a little disappointing for the...

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is pleased to announce the sale of Caparo Testing Technologies to Applus+, a company operating globally in the Testing, Inspection and Certification sector. This...

19 November 2015

UK climbs up league table of effective tax systems

The UK has climbed a place up the global ranking of effective business tax systems. A report published today by PwC and the World Bank...

18 November 2015

Gender pay gap relatively unchanged over past four years – PwC comments

The latest figures from the Office of National Statistics (ONS) show that the gap between men and women’s pay in full-time roles has narrowed to...

17 November 2015

PwC comments on increased Government funding for cyber security

Commenting on today's announcement by the Chancellor, George Osborne, on increasing funding and prioritising cyber security, PwC cyber security partner Richard Horne said: 'The threat...

Payroll mistakes cost FTSE100 businesses £10m-£30m per year each

Payroll errors cost the average FTSE 100 company between £10m and £30m per year, a new study from PwC has found. This surprising statistic forms...

PwC grows its pensions team with more new hires

PwC has expanded its pensions and investment consulting team with the appointment of Leo Ring and Hannah Carter. Leo Ring joins PwC as a director...

Outlook worsens for ‘generation rent’: only one in four to be homeowners by 2025

Only 26% of 20-39 year olds (‘generation rent’) in England will live in a home they own by 2025, while more than half (59%) will...

16 November 2015

Connected living’ market set to be worth $1 trillion globally by 2020

UK share could be worth £30 billion or around 5% of the total The ‘connected living’ market - new technology that's changing how people connect...

12 November 2015

UK tech awards 2015 - winners announced

Celebrating and rewarding the thriving UK tech market The winners of the UK tech awards, sponsored by PwC and produced by Ford Sinclair Ltd, were...

UK companies lag global competitors on digital investment, remaining unconvinced about the correlation between digital spend and financial gain – PwC’s 2015 Global Digital IQ Survey

· UK firms are under-investing in digital when compared globally; only 10% spend >15% of revenue on digital compared with 31% of overseas companies ·...

11 November 2015

MiFID II possible delay - PwC asset management practice comments

As the European Commission announces it is considering delaying the Mifid II directive in response to a request by the European Securities and Markets Authority...

Housing and utility bills projected to account for over a quarter of total UK consumer spending by 2020

Average real consumer spending growth to slow to around 2.3% pa in 2017-20 UK GDP growth expected to average around 2.4% in both 2015 and...

09 November 2015

FSB confirms Total Loss Absorbing Capacity for banks - PwC response

In response to today's Financial Stability Board (FSB) announcement setting Total Loss Absorbing Capacity (TLAC) for large global banks, Richard Barfield, a financial services risk...

Greater disclosure is improving link between FTSE 100 executive pay and performance – PwC analysis

New PwC research suggests that greater disclosure of annual bonus targets by companies is strengthening the link between executive pay and performance. PwC’s new report...

PwC in the Classroom to Teach Teenagers about Tax

PwC today pilots an initiative to encourage education on tax from a young age. Around 50 sixth-formers from schools across London are coming to PwC’s...

PwC: Loan portfolio market no longer dominated by non-performing assets

Increasing trend towards performing portfolios, particularly in the mature markets such as the UK Almost €160bn forecast for 2015 – an increase of 75% over...
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