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65 press releases from November 2016

30 November 2016

PwC comments on Bank of England stress tests results

Commenting on the Bank of England's stress tests results today,   James Hewer, UK stress tests leader and partner at PwC said:   "Today's stress...

29 November 2016

PwC's UK ​family governance leader comments on the Green Paper on Executive Pay and Corporate Governance Reform

Clare Stirzaker, UK ​family governance leader at PwC, said: "​ Family businesses are increasingly anxious to ensure that good governance can enhance both business performance...

PwC welcomes the Green Paper on Executive Pay and Corporate Governance Reform

Fiona Camenzuli, partner in PwC’s Reward & Employment team, said: “Two thirds of people think executive pay is too high, so we support the Government’s...

25 November 2016

GDP data, November 2016 - PwC comments

In response to the latest GDP data released today, John Hawksworth, chief economist at PwC, commented: "There was no change in the headline estimate that...

24 November 2016

PwC comments on EU's proposed changes to finalise Basel III and start implementing Basel IV

Earlier this week , the European Commission published its first proposals for revised rules to calibrate capital and liquidity requirements – in the form of...

23 November 2016

PwC comments on new National Productivity Investment Fund

John Hawksworth, Chief Economist at PwC, commented: "The government is planning a total of £23 billion of additional capital investment, over and above previous plans,...

Autumn Statement 2016 – PwC comments on fuel duty and salary sacrifice re exemption for ultra-low emission vehicles

Fuel duty Phil Harrold, automotive partner, PwC, said: “Recent fuel price rises driven by the deterioration of the £:$ exchange rate have not been exacerbated...

Autumn Statement - PwC comments on interest deductibility proposals for banks

Commenting on interest deductibility proposals for banks, Peter Maybrey, banking and capital markets partner, PwC said: "Supporting the competitiveness of the UK's banking sector is...

Autumn Statement 2016 - PwC comments on devolution

Commenting on today's Autumn Statement, Chris Buttress, Devolved and Local Government Leader at PwC, said: “To help regions in the UK fulfill their economic potential,...

Autumn Statement - PwC comments on VAT related measures

Commenting on VAT-related measures in the Autumn Statement, Johnathan Davies, tax director, at PwC, said: "The majority of announcements were confirmations that the Government will...

Autumn Statement 2016 - PwC comments on the impact for private businesses

(Mainly) expected changes for private businesses and their owners Dipan Shah, partner and London private business leader at PwC, said: "In uncertain times following the...

Autumn Statement - PwC comments on R&D credit regime

Angela Browning, research & development tax director, at PwC said: "The commitment to innovation and productivity plays to the UK's strengths - we're a big...

Autumn Statement 2016 – PwC comments on environmental tax measures

Commenting on the carbon price support announcement in today's Autumn Statement, Jayne Harrold, UK environmental tax leader at PwC, said: “The stability and certainty of...

Autumn Statement 2016 - PwC comments on bringing non resident companies into the corporation tax regime

Bringing non resident companies into the corporation tax regime - big impact on property companies Alex Henderson, tax partner at PwC, comments "Companies that don't...

Autumn Statement - PwC's chairman responds

Commenting on today's Autumn Statement, Kevin Ellis, chairman and senior partner at PwC, said: "The Chancellor's commitment to innovation and infrastructure is positive news. We...

Autumn Statement 2016 - PwC comments on pensions

Steven Dicker, pensions partner at PwC, said: "The retention of salary sacrifice for pension contributions is a welcome support to retirement saving. However, with no...

Autumn Statement 2016 - PwC comments on review on stamp duty regime for share transactions

The Government has announced that it has asked the Office of Tax Simplification to review the stamp duty regime for share transactions and consider areas...

Autumn Statement - PwC comments on the impact for UK tech startups

Natalie Langley, fast growth companies director at PwC, said: "In this Autumn Statement, the government has again highlighted the importance of fast growth tech companies...

Autumn Statement 2016 - PwC compares whiplash savings to IPT rises

Comparing savings for consumers on motor insurance, Mohammad Khan, UK general insurance leader at PwC, commented: "Consumers can expect to save around £40 on their...

Autumn Statement – PwC comments on the impact of salary sacrifice changes

John Harding, employment tax partner at PwC, said: “These changes will lead to increased complexity and costs for employers who want to remain competitive by...

Autumn Statement – PwC comments on business rates

Phil Vernon, business rates leader at PwC, said: “There were some welcome announcements for business rates with a new 100% relief for new full-fibre infrastructure...

Autumn Statement - PwC Comments on infrastructure investment

Commenting on today's Autumn Statement, Neil Broadhead, Head of UK Infrastructure, PwC said: "The Chancellor’s commitment to allocate £1 billion to small “shovel-ready” schemes like...

Autumn Statement 2016 - PwC comments on the impact for SMEs

Dipan Shah, partner and London private business leader at PwC, said: “Overall the tax changes for small businesses were what we expected, with the reductions...

Autumn Statement - PwC Comments on Insurance Premium Tax rise

Commenting on the insurance premium tax (IPT) rising from 10% to 12%, Benjamin Flockton, PwC insurance tax partner, said: "Although the insurance industry will not...

Autumn Statement - PwC comments on corporate tax measures

Cutting corporation tax Stella Amiss, international tax partner at PwC, said: "That the new Chancellor has committed to his predecessor's target of 17% by 2020...

Autumn Statement - PwC comments on personal tax announcements

The Chancellor delivered his first Autumn Statement today, containing a number of significant personal tax announcements. Iain McCluskey, PwC partner, commented: “Phillip Hammond's first Autumn...

Autumn Statement - PwC comments on housing

Commenting on today's Autumn Statement, Jane Forbes, PwC Housing Partner said: "Housing supply remains a critical issue for the country. The Lyons Housing Commission only...

Autumn Statement - PwC comments on public sector matters

Commenting on today's Autumn Statement, Tina Hallett, Government and Public Sector leader at PwC, said: "Today's Autumn Statement is a first step in the right...

Autumn Statement - PwC comments on public borrowing and the economic outlook

In response to today’s Autumn Statement, John Hawksworth, chief economist at PwC, commented: “The Chancellor has allowed borrowing to take the strain of slower expected...

Autumn Statement 2016 - focus on R&D suggests Government does have its favourites

Kevin Nicholson, head of tax at PwC, said: "This was a fairly business friendly statement. The commitment to innovation and productivity plays to the UK's...

Autumn Statement - PwC comments on health

Commenting on today's Autumn Statement announcement, Quentin Cole, partner and UK leader PwC Health Industries, said: "It’s clear that the NHS cannot rely on efficiency...

Autumn Statement - PwC comments on National Living Wage increase

Commenting on the National Living Wage increase, John Harding, employment tax partner at PwC, said: “This is positive news for working families, but the additional...

21 November 2016

Autumn Statement - more steps required to modernise pensions tax system, says PwC

Lifetime ISA framework started pensions tax reform through the back door, but more reform is needed Majority (65%) of UK adults do not feel they...

18 November 2016

FCA asset management market study - PwC: industry is feeling the 'full force' of competition powers

Commenting on today's FCA Asset Management Market Study interim findings, Mark Pugh, PwC's UK asset management leader, said: "Today's findings present a significant challenge to...

17 November 2016

Retail sales data, November 2016 - PwC comments

In response to the latest retail sales data, John Hawksworth, chief economist at PwC, commented: “Today's retail sales figures confirm the vibrancy of consumer spending...

Britain's first female fast jet pilot appointed as director at PwC

Britain’s first female fast jet pilot for the RAF, Jo Salter, has joined PwC as a director in its People and Organisation business. Jo’s appointment...

UK leaps into Top 10 of global tax ranking

No evidence of ‘race to the bottom’, with profit and labour taxes increasing globally this year The UK has entered the top 10 in the...

16 November 2016

PwC's chairman responds to the Social Mobility Commission's State of the Nation report

Commenting on the findings of The Social Mobility Commission’s State of the Nation report on social mobility, Kevin Ellis, chairman and senior partner at PwC,...

UK labour market data, November 2016 - PwC comments

In response to today’s UK labour market figures, John Hawksworth, chief economist at PwC, commented: “The labour market remained strong in the third quarter, despite...

15 November 2016

PwC bolsters its pensions practice with new senior hire

Sinead Leahy, former head of UK pension solutions at the Royal Bank of Scotland, has joined as a partner to PwC’s pension consulting business. She...

UK Inflation, November 2016 - PwC comments

Commenting on the latest UK inflation figures, Andrew Sentance, senior economic adviser at PwC, said: “UK inflation fell back slightly in October to 0.9% -...

UK House Price Index, November 2016 - PwC comments

House price growth continues unabated Commenting on the UK House Price Index out today, Richard Snook, senior economist at PwC, said: “Today’s official housing release...

UK could face cumulative £100bn public borrowing overshoot by 2020/21

Public borrowing to exceed OBR forecasts, but still scope for more public investment if fiscal rules are revised in a pragmatic way UK economic growth...

14 November 2016

PwC responds to OTS report on the closer alignment of tax and national insurance

The Office for Tax Simplification today released a further report on the closer alignment of tax and national insurance. Iain McCluskey, partner at PwC said:...

Two thirds of female professionals are estimated to be working below their potential when they return to work from career breaks

Fully utilising returning female professionals could bring the UK £1.7bn of economic benefits Two-thirds of professional women go into lower-skilled or lower-paid roles, or work...

11 November 2016

Autumn Statement 2016 - What changes could we see to personal tax?

Iain McCluskey, partner at PwC, said: “A headline grabbing personal tax policy since 2010 has been the year on year above inflation rise in the...

10 November 2016

UK tech awards 2016 – winners announced

In a year of noticeable achievements in the UK technology sector, including the largest tech deal by a UK corporate, a steady stream of IPOs...

09 November 2016

Equal Pay Day - PwC comments

PwC comments on 'Equal Pay Day' in the UK - which marks the date designated by the Fawcett Society that women are effectively working for...

European Commission announces one year delay to PRIIPs legislation - PwC's asset and wealth management practice comments

Commenting on the European Commission's announcement of a one year delay to PRIIPs* legislation, Amanda Rowland, asset and wealth management partner at PwC said: "Firms...

Banks’ tax contribution climbs to £34.2 billion, PwC finds

· £17.4 billion was paid by UK banks in year to 31 March 2016, and £16.8 billion by foreign banks The total tax contribution of...
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