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59 press releases from March 2016

30 March 2016

Females in financial services keen to work abroad but management mind-set a barrier

Common misconceptions that men are more likely than women to want to work abroad have created barriers to the development of women in financial services...

29 March 2016

Insurers cutting costs as competition from outside the industry ramps up: CBI/PwC financial services survey

The overall profitability of general insurers is expected to decrease in the coming three months, while profits growth will slow for life assurers according to...

A fall in confidence for asset and wealth managers amid volatile markets: CBI/PwC financial services survey

The asset and wealth management industry has seen its first significant fall in confidence since the winter of 2011, according to the CBI/PwC financial services...

‘Perfect Storm’ of events dampens optimism among financial services firms – CBI/PwC

Optimism among firms in the financial services sector has fallen at the fastest rate since 2011, according to the latest CBI/PwC Financial Services Survey. The...

24 March 2016

UK Energy Secretary's speech on the energy benefits of the EU - PwC comments

PwC’s Head of Utility Strategy & Regulation, Stuart Cook, comments on the announcement by the UK Secretary of State on the EU Referendum and the...

Fast technological change is a double-edged sword for technology, media and telecoms CEOs as concerns over skills and cyber security risks dampen optimism

CEOs across technology, media and telecoms are concerned at the availability of key skills and not being able to keep up with emerging technologies Tech...

23 March 2016

Payments innovation slows as investment managers see explosion of FinTech startups: Startupbootcamp and PwC

Developing payments solutions is no longer the main focus of FinTech innovation, according to a new report from PwC and Startupbootcamp. A recent explosion in...

22 March 2016

"Women in finance charter" and the review on women in financial services - PwC comments

Commenting on the publication of the "Women in finance charter" and the recommendations of the review on women in financial services, "Empowering Productivity: harnessing the...

ONS House Price Index, March 2016 - PwC comments

Commenting on the ONS house price figures out today 22 March 2016, Richard Snook, senior economist, PwC, said: Housing market posts strong start to 2016...

18 March 2016

Is UK’s rail network on the brink of the biggest shake up since privatisation? - PwC comments

Commenting on the Shaw Report recommendations, which will now be considered by the Department for Transport (DtR) during 2016, Charles Johnson-Ferguson, PwC transport partner, said:...

Leading Professional Services firms join together to enable more apprenticeships

Leading Professional Services Employers, industry and Professional Bodies and training providers have come together to develop a new apprenticeship standard for the audit, accountancy and...

17 March 2016

PwC advises on sale of Bromford Holdings Limited to Liberty Hall Capital Partners

The corporate finance industrial products team at PwC has acted as lead advisor to Darwin Private Equity on the sale of Bromford Holdings Limited (“Bromford”)...

PwC’s Ashley Unwin hosts business leaders and Harvard Business Review at ‘Strategy that Works’ launch in London

Corporate leaders from across the UK will hear how leading global companies bridge the gap between strategy and execution and learn how they can apply...

16 March 2016

Budget 2016: incentives and funding for UK's innovative regional manufacturers

Cara Haffey, PwC’s industrial manufacturing leader, comments on the impact of the UK Budget on regional manufacturers: "Over the last five years, UK manufacturing has...

Budget 2016: PwC comments on plans to keep UK moving – on the road or on tracks.

Richard Abadie, PwC transport and infrastructure partner, said: “We welcome the funding announced for further analysis of the Trans-Pennine tunnel, HS3 and Crossrail 2. This...

Budget 2016: Loss restriction rules - PwC comments on impact on banks

Matthew Barling, banking tax partner at PwC, commented: "For a sector which continues to face significant headwinds, due to increased regulation and challenging market conditions,...

Budget 2016 - PwC comments on new allowance for 'micro entrepreneurs'

John Steveni, tax partner at PwC, said: "The new £1,000 allowance for micro entrepreneurs is aimed partly to clear up the confusion around what tax...

Budget 2016 - NI treatment of Termination payments for employers

Budget 2016 - NI treatment of Termination payments for employers On taxing termination payments for employers, John Harding, employment tax partner said: "The announcement that...

Budget 2016: PwC comments on fuel duty boon for motorists and hauliers

Phil Harrold, automotive partner, PwC, commented on the Chancellor's move to freeze fuel duty, saving the average motorist around £75 a year and as much...

Budget 2016 - PwC comments on impact for small businesses

Natalie Langley, tax director at PwC said, "The Chancellor announced his intention to put “rocket boosters on the back of enterprise”. It's fantastic to see...

Budget 2016: PwC comments on UK’s aim to lead driverless revolution - and the potential economic benefit

Phil Harrold, automotive partner at PwC, comments on the Chancellor's announcement to pilot the UK's first driverless car tests on A-roads and motorways from next...

Budget 2016 - Top up to Apprenticeship Levy contributions

Budget 2016 - Top up to Apprenticeship Levy contributions On the announcement of a 10% top up to monthly Apprenticeship Levy contributions, John Harding, Employment...

Budget 2016 - Public Sector Contractors using own Personal Service Company

From April 2017 the public sector will be responsible for ensuring the 'right tax' is paid by individuals working through their own company in the...

Budget 2016 - A more flexible future for pensions?

Commenting on the access age for pensions and new Lifetime ISA, PwC Director Philip Smith said: "It's interesting that the tax efficient access age for...

Budget 2016 - PwC comments on tax administration

Simon Wilks, tax partner, commented: "Although the Budget was wide ranging and contained a lot of measures, there were few entirely new measures in the...

Budget 2016 - PwC comments on stamp duty

Paul Emery, partner at PwC, commented: “Today’s budget represents the most significant change to stamp duty on commercial property for a decade. While changing from...

Budget 2016: PwC comments on the planned introduction of a new tax relief for museums and galleries

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

Budget 2016 : PwC comments - (Mainly) good news for private businesses and their owners

A Budget making the UK more attractive to entrepreneurs Dipan Shah, partner and London private business tax leader at PwC, said: Businesses There were a...

Budget 2016 - PwC comments on personal tax measures

Iain McCluskey, tax director at PwC commented: 'The Chancellor walked a steady line over a fiscal and political tightrope today as he delivered his 2016...

Budget 2016 - PwC comments on environmental tax announcements

Commenting on the environmental tax announcements in today's Budget, indirect tax senior manager at PwC Jayne Harrold said: "Energy tax reforms, through scrapping the carbon...

Budget 2016 - PwC comments on Budget Losers

Alex Henderson, tax partner at PwC, said "George Osborne has walked a tight rope in his latest Budget with all of the winners being counter...

Budget 2016 - Lifetime ISA introduced and a rise in ISA limit, what does it mean for pensions?

On the introduction of a new Lifetime ISA for younger savers and rise in the overall ISA limit to £20,000 per annum, Philip Smith, pensions...

Budget 2016 – Sweeteners now, but pain later to fill hole in public finances: PwC chief economist comments

John Hawksworth, chief economist at PwC, commented: "The Chancellor has filled a potential medium-term hole in the public finances by pencilling in around £14 billion...

Budget 2016 - A twist in the tale for public sector: PwC comments

Nick C Jones, director, PwC's public sector research centre, commented: "For many in the public sector this Budget will feel like just another twist of...

Budget 2016: PwC comments on significant tax rate cut for oil and gas industry

Commenting on the UK Government’s support for the oil and gas industry in today’s Budget, Alan McCrae, PwC’s UK head of energy tax, commented: “The...

Budget 2016 - PwC comments on the business tax roadmap

Diane Hay, special advisor to PwC, said; "Businesses big and small will be pleased that the Chancellor stuck to his guns to deliver a Roadmap...

Budget 2016 - PwC comments on salary sacrifice

On the announcement that the Government is considering limiting the range of benefits that attract income tax and NIC advantages when provided under salary sacrifice...

Budget 2016 - PwC comments on Insurance Premium Tax

Commenting on the 0.5% rate rise (to 10%) to Insurance Premium Tax (IPT), Ben Flockton, insurance tax partner at PwC, said: "Whilst arguably modest if...

Budget 2016 - PwC comments on the taxation of online gaming 'freeplays'

Gareth Martyn, indirect tax director in PwC's betting and gaming team, said: "Bookmakers with online casinos will be pinning their hopes on the rest of...

Budget 2016 - PwC comments on small business rates

Commenting on small business rates, Phil Vernon, business rates leader at PwC, said: "Increasing the small business rates multiplier to capture properties with a rateable...

Budget 2016 - PwC comments on restrictions to tax relief for interest payments

Stella Amiss, international tax partner at PwC, says: "The Chancellor has set out his stall for how the UK will implement the OECD's recommendations on...

15 March 2016

Traditional financial services firms fear almost a quarter of their business is at risk from FinTechs

FinTech companies are more bullish, believing they could capture a third (33%) of incumbents’ business FS companies believe that in five years time almost a...

14 March 2016

Financial Advice Market Review (FAMR) - PwC comments

Commenting in response to the FCA's recommendations from the Financial Advice Market Review (FAMR), published today, David Kenmir, financial services risk and regulation partner at...

Public borrowing overshoot suggests another tough Budget

New projections by PwC suggest that public borrowing could be revised up by the Office for Budget Responsibility (OBR) throughout the next five years. PwC...

Surprise good news for pensions could be on the horizon, says PwC

Promoting “lifetime saving” and easing the female State Pension Age transition could be new options for the Chancellor The apparent U-turn from the Chancellor on...

Retailer net closure rate drops by 50% in 2015, from 987 to 498 says PwC and The Local Data Company

2015 overall closures at lowest levels since 2010 Lowest churn rate of openings and closures since 2010 Coffee shops, jewellers and take away food shops...

12 March 2016

Governments need to step up and address Intergenerational Fairness– says Citizens’ Jury

A Citizens’ Jury convened by BritainThinks for PwC has called on Governments to step up and take control of intergenerational challenges, focusing on the long...

11 March 2016

Can operators match the pace of the smart ticketing revolution? – PwC survey

91% of London travellers now use smart ticketing technologies – up from 41% in 2014 Only 20% of travellers outside London use smart ticketing despite...

10 March 2016

CMA energy market report: positive direction of travel but questions still remain says PwC

This morning the Competition and Markets Authority (CMA) published its provisional decision on remedies as part of the ongoing Energy Market Investigation. Stuart Cook, PwC’s...

The UK could create three million extra jobs by 2025, led by services

Education and health could add over 1 million jobs by 2025 and become the biggest of the services sectors Business services could create around 1.5...
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