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32 press releases from October 2016

31 October 2016

Pension deficit recovers by £60bn in October 2016, according to PwC’s Skyval Index

Deficits will not resolve themselves, so now is the time to focus on solutions 15 years is a more realistic timeframe to repair pension scheme...

27 October 2016

Q3 GDP data, October 2016 - PwC comments

In response to the preliminary Q3 GDP data released today, John Hawksworth, chief economist at PwC, commented: "Today's preliminary GDP data confirmed that the UK...

26 October 2016

Gender pay gap figures - PwC comments

Commenting on the latest gender pay gap figures from the Office of National Statistics (ONS) released today, Laura Hinton, head of people at PwC, said:...

PwC comment on Institute for Fiscal Studies report on the impact of major changes to local government finance

Commenting on today’s Institute for Fiscal Studies report on the impact of major changes to local government finance, Stephanie Hyde, PwC Executive Board member and...

Getting more young people into work, education or training could add £45 billion to UK GDP

Improving youth employment across OECD countries could boost their total GDP by $1.1 trillion UK ranks 21st out of 35 OECD countries in PwC’s Young...

25 October 2016

Retailers closing 15 stores a day as the high street continues to reshape, says PwC and The Local Data Company

Lowest number of store openings since 2011 Tobacconists, estate agents and jewellers thriving ‘Fintech’ advances see click and collect services booming In the first six...

UK ranks eighth globally for corporate R&D spending, investing £16.5bn last year

Global R&D spend last fiscal year reached £446 billion, of which the UK accounts for 4% Nearly half of total UK R&D spend is done...

24 October 2016

PwC comments on new Social Mobility Employers' Index

In response to The Social Mobility Commission and The Social Mobility Foundation publishing a new Social Mobility Employers' Index, Kevin Ellis, chairman and senior partner...

Law firms see ‘modest’ revenue growth alongside margin pressure ahead of more challenging market conditions

75% of Top 100 UK law firms report revenue growth, down from 82% in 2015 Profit margins fall across the Top 100 as pricing remains...

Risk management is now the key performance measure for tax functions

Corporate tax departments are now measured primarily on how well they manage risk, as companies recognise the potential reputational and wider risks that tax can...

21 October 2016

Public borrowing figures - PwC comments

In response to the latest public borrowing figures, John Hawksworth, chief economist at PwC, commented: "Today's public borrowing figures were a bit of a cold...

Consumers feeling positive ahead of Christmas following Brexit blip

A survey recently conducted by PwC shows that consumers are feeling confident over their disposable income over the next 12 months following the aftershock of...

20 October 2016

Retail sales data, October 2016 - PwC comments

In response to the latest retail sales data, John Hawksworth, chief economist at PwC, commented: “Retail sales were flat between August and September, slightly worse...

19 October 2016

PwC team sparks £750m pension deficit cost-cutting drive at Western Power

A company supplying the cabling that provides electricity to a quarter of homes in the UK has become the first to identify a potential £750m...

UK labour market data, October 2016 - PwC comments

In response to today’s UK labour market figures, John Hawksworth, chief economist at PwC, commented: "Today's labour market data suggests some moderation in jobs growth...

18 October 2016

UK House Price Index, October 2016 - PwC comments

Commenting on the UK House Price Index, Thomas Fisher, economist at PwC, said: UK house prices grow for 19th consecutive month “Today’s data from the...

UK Inflation, October 2016 - PwC comments

Commenting on the latest inflation figures, Andrew Sentance, senior economic adviser at PwC, said: “Inflation has risen to 1.0 percent this month, as expected. Higher...

Tackling rising inequality and technological progress

Household spending growth has lagged behind GDP in most advanced economies since 2008 Inequality has increased in most rich economies since 1980, but remains relatively...

14 October 2016

World's first commercial drone delivery service unveiled in Rwanda - PwC comment

Commenting on the news of the the world's first commercial drone delivery service set up in Rwanda, Joel Segal, chair of the Africa Business Group...

Holiday remains a top spending priority for consumers

Despite the volatile state of sterling, maintaining spending on next year’s main holiday remains a priority for British consumers over the next 12 months, according...

13 October 2016

PwC comments on the implications of the Criminal Finance Bill - Corporate offences of failure to prevent facilitation of tax evasion 

Stephen Morse, tax partner at PwC, said:  "Companies will have to ensure that they are not helping people to evade tax, by having reasonable procedures...

Department for Work and Pensions workplace auto-enrolment statistics - PwC comments

Commenting on today's publication of the latest figures on workplace pension auto-enrolment, Philip Smith, director and defined contribution leader at PwC, said: "Today's figures show...

Nortel pension scheme – settlement announced

Welcome news for 33,000 UK pensioners A consensus has been reached between various key parties in Nortel's global insolvency as to how the $7bn residual...

12 October 2016

House of Commons' Science and Technology Committee report on artificial intelligence and robotics - PwC comments

In response to the House of Commons' Science and Technology Committee's report on artificial intelligence (AI) and robotics released today, Rob McCargow, artificial intelligence leader...

Ad spend on mobile display overtakes PC for first time

Overall 16.4% rise in digital spend is highest first half growth rate for two years Mobile spend up 56.1%, the second consecutive year of more...

11 October 2016

Women in Finance Charter – PwC comments

Commenting on the publication of diversity targets by 72 financial services firms tomorrow (Tuesday 11 October 2016) as part of the Women in Finance Charter,...

10 October 2016

PwC UK confirmed as Approved Verifier to Climate Bond Standards

The Climate Bond Standards Board has confirmed PwC UK as an Approved Verifier under the Climate Bond Standards and Certification Scheme. A member of the...

UK organisations in the dark about growing insider risk to business

· PwC launches AccessAble – a new cloud-based access governance tool Data is lost every day through mistakes, misuse or malicious attacks, but the threat...

06 October 2016

Connected vehicle market to grow threefold to £120bn by 2022

Automotive industry shake-up favours speed over size Traditional manufacturers must increase pace of innovation or risk losing their position in connected services The race is...

05 October 2016

UK tech awards 2016 – shortlist announced

The shortlist for the UK tech awards has been announced by the judging panel, recognising the efforts of the flourishing UK tech industry. The UK...

Cyber risk dividing insurers as UK companies step away from cyber cover – PwC survey

half of London Market respondents already sell cyber policies, or see this as an area of growth the other half do not actively pursue cyber,...

UK organisations double cyber security spend but aren’t seeing the return

18% of UK organisations don’t know how many cyber attacks they suffered last year Nearly eight in 10 experienced down-time due to security incidents Average...
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