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64 press releases from June 2016

30 June 2016

GDP data - PwC comments

John Hawksworth, chief economist at PwC, commented: "Today's revised GDP data confirmed a modest slowdown in the first quarter of this year as consumers kept...

29 June 2016

UK Private Business Awards 2016 – shortlist announced

PwC is delighted to announce the shortlist for the sixth annual UK Private Business Awards, often referred to as the Diamonds. The finalists have been...

28 June 2016

Mixing Mind and Machine: How the UK’s Business Leaders Make Their Big Decisions

New PwC study finds most UK organisations still only dabbling with data UK business is still underutilising data to make their most important decisions despite...

UK’s key sharing economy sectors could deliver £140 billion by 2025

Total transactions for the UK’s five most prominent sharing economy sectors – collaborative finance, peer-to-peer accommodation, peer-to-peer transportation, on-demand household services and on-demand professional services...

24 June 2016

EU referendum - PwC comments on potential consequences for the airline industry

Ben Paul, PwC partner and airline industry leader, said:   “The decision to leave the EU has profound implications for our aviation industry, with issues...

EU referendum - PwC comments on the impact on environmental issues 

Jonathan Grant, Director, PwC sustainability and climate change, said:  “Today’s outcome is a major setback for the type of collaboration needed to tackle global environmental...

EU referendum - PwC comments on audit regulation impact

Gilly Lord, PwC’s UK head of regulatory affairs, commented:  “Despite today’s outcome, we shouldn’t expect the UK’s current implementation of EU audit regulation to be...

EU referendum - PwC comments on private business/SME impact

Suzi Woolfson, UK Private Business Leader at PwC, commented:  "We should expect a bumpier economic climate in the short term, but as Mark Carney has...

EU referendum - PwC comments on the impact on the energy industry (nuclear, utilities and oil and gas)

The UK oil and gas industry Alison Baker, PwC’s UK and EMEA oil and gas leader, said: "The oil & gas industry is a global...

EU referendum - PwC comments on the impact for central government

Martin Jacobs, Central Government lead Partner at PwC, commented: "Change won't be immediate for anyone - we will need to see what happens in the...

EU referendum - PwC comments on the impact for government and the public sector

Tina Hallett, Government and Public Sector lead Partner at PwC, commented: "Today marks the start of an uncertain, complex and no doubt lengthy process for...

EU referendum- PwC comments on fintech sector impact

Steve Davies, EMEA fintech leader at PwC, commented: "London is emerging as the fintech capital of the world. This is in part because of the...

EU referendum- PwC comments on banking sector impact

Simon Hunt, UK head of banking and capital markets at PwC, commented: "The UK is one of the world’s leading financial centres. The banking sector...

EU referendum - PwC comments on Deals/M&A and Capital Markets

PwC comments on Deals/M&A Stuart McKee, Head of Corporate Finance at PwC, commented:  "The long-term ramifications of today’s vote are largely unknown. Understanding the impact...

EU referendum - PwC comments on business recovery/liquidity

Ian Green, Business Recovery Services Leader at PwC, commented:  "The initial period after the referendum result will be a crucial time for businesses to try...

EU referendum- PwC comments on Retail & Consumer

Madeleine Thomson, Retail & Consumer Lead at PwC, commented;  “As we enter a transition period in leaving the European Union, the impact on retailers and...

EU Referendum- PwC comments on the impact for businesses and their workforce

Ben Wilkins, partner at PwC, commented:  “The vote to leave will have significant implications for businesses and their workforce, in a very wide range of...

EU Referendum- PwC comments on pensions

Richard Cousins, PwC pensions partner, commented: “The uncertainty around our EU membership has contributed greatly to the volatility of the UK markets and this has...

EU referendum - PwC comments on the tax implications 

Kevin Nicholson, head of tax at PwC, commented:   “Brexit will undoubtedly affect how people and businesses are taxed. The UK will now have more...

EU referendum - PwC comments on the impact for Higher Education

Ian Looker, Education lead Partner at PwC, commented: "Following today's result, universities will remember that the UK excels in the global higher education sector and...

EU referendum - PwC comments on the financial services sector impact

Andrew Kail, UK head of financial services at PwC commented: “The UK is one of the world’s leading financial centres. Financial services drive a trade...

EU referendum - PwC comments on the impact for the pharmaceutical industry

Jo Pisani, Partner at PwC, commented: "Today’s result won't change anything immediately - we will need to see what happens in the coming months and...

EU referendum - PwC comments on the impact for healthcare

Quentin Cole, Health industries lead Partner at PwC, commented: "The resulting insecurities of this result will be felt strongly across the health service. "The NHS...

EU referendum - PwC comments on data protection

Stewart Room, PwC partner and head of PwC Legal's data privacy and protection practice, commented:  “Despite the leave vote, it is vitally important that the...

EU referendum - PwC comments on real estate industry implications

Craig Hughes, UK real estate leader at PwC, comments on the UK voting to leave the European Union and the impact on the real estate...

EU referendum - PwC comments on immigration

Julia Onslow-Cole, legal market leader and head of global immigration at PwC Legal, commented;  "This vote could have significant impact on businesses ability to recruit...

EU referendum - PwC comments on asset and wealth management industry implications

Mark Pugh, UK asset management leader at PwC, comments on Britain voting to leave the European Union “A key immediate concern for asset managers will...

EU referendum - PwC comments on insurance industry implications

Jonathan Howe, UK insurance leader at PwC, comments on the UK voting to leave the European Union and the impact on the insurance industry: “To...

EU referendum - PwC comments on the economic impact

Andrew Sentance, senior economic adviser at PwC, commented: "The UK leaving the EU is potentially a big leap into the unknown, disrupting trade relationships with...

Statement from Ian Powell, Chairman and Senior Partner of PwC regarding the UK’s decision to leave the EU:

"The UK’s decision to leave the EU will have significant implications for businesses and we are already working with our clients and people to support...

23 June 2016

EU Referendum – PwC experts available for comment

Today the UK will make the most important decision about its future for decades. Whichever way the public votes, the impact will be felt across...

PwC signs the Women in Finance Charter

PwC signs HM Treasury's Women in Finance Charter Kevin Ellis, incoming chairman and senior partner at PwC from 1 July 2016, said: “We are proud...

21 June 2016

European Commission's Anti Tax Avoidance Directive - PwC comments

The European Commission has agreed its Anti Tax Avoidance Directive which it argues will put Europe in a "leading position in the fight against tax...

Public finance data, June 2016 - PwC comments

Commenting on today's public finance data, PwC chief economist John Hawksworth said: “Today's public finance data confirm that the Chancellor still faces a tough challenge...

20 June 2016

PwC promotes record number of equity partners for third year in a row

Record 61 partners promoted – third year of increased investment 28% of new partners are female and 40% of new directors 45% of new partners...

Use of wearables in the workplace is halted by lack of trust – PwC research

The use of wearables in the workplace is being stalled by a lack of trust as people worry that their employer may use the data...

17 June 2016

Bank of England FinTech Accelerator partners with PwC on distributed ledger Proof of Concept  

PwC’s Emerging & Digital Technologies team has today announced an exciting project undertaken with the Bank of England which provided technical expertise and support to...

UK implementation of EU audit legislation – PwC response

The EU audit legislation for UK public interest entities (PIEs – see notes to editor) and their statutory auditors comes into effect today. The new...

16 June 2016

Retail sales data, June 2016 - PwC comments

In response to the latest retail sales data, John Hawksworth, chief economist at PwC, commented: “After a soft patch in February and March, retail sales...

Insurers looking to hire amidst rise in volume of business and value of claims– CBI/PwC survey

Insurers in both the life and general insurance sectors are planning on expanding their workforces, with digital and systems and software development skills listed as...

Investment industry confidence deteriorates as competition for regulatory staff hots up – CBI/ PwC survey

The UK’s asset and wealth managers continue to be cautious, despite improved profitability last quarter Money spent on regulatory compliance is expected to continue to...

Optimism wanes among financial services firms for second consecutive quarter – CBI/PwC

Growth in business volumes holds up Optimism among firms in the financial services sector fell for the second consecutive quarter in the three months to...

15 June 2016

UK labour market data, June 2016 - PwC comments

In response to today’s UK labour market figures, John Hawksworth, chief economist at PwC, commented: “Employment continued to rise and unemployment to edge down in...

Niloufar Molavi announced as PwC’s new global energy leader

Niloufar to lead 6,000-strong global team of energy specialists operating worldwide A key driver of PwC US’s diversity programme, Niloufar is the first female to...

14 June 2016

PwC names Andrew Kail as new UK head of Financial Services

PwC has appointed Andrew Kail as leader of its UK Financial Services practice, succeeding Kevin Burrowes who joins PwC UK’s Executive Board from 1 July...

Science and Technology Committee Digital Skills Report - PwC comments

Commenting on the Science and Technology Committee's digital skills report, Jonathan Tate, UK and EMEA technology consulting leader at PwC, said: "Moving organisations into the...

UK House Price Index, June 2016 - PwC comments

Commenting on the new UK House Price Index, Richard Snook, senior economist, PwC, said: New ONS house price series shows average home is £80,000 cheaper...

Working for longer could boost UK GDP by £105 billion

UK ranks 18th out of 34 OECD[1] countries in PwC’s Golden Age Index Iceland tops the table, followed by New Zealand and Sweden Across the...

13 June 2016

PwC and Z/Yen to explore what blockchain technology means for wholesale insurance

PwC today [June 13th] announced it is launching a Long Finance research project into the potential of blockchain technology in wholesale insurance. The proposed study...

90% of insurers fear they will lose business to a start-up as investment in ‘InsurTech’ increases fivefold

Almost half (48%) of insurers fear that up to 20% of their business could be lost to standalone FinTech companies within the next five years...
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