98 press releases for "Economy"

08 March 2017

Budget 2017- PwC comments on R&D tax credits red-tapereduction - boost for financial sector's cyber security efforts?

Commenting on the Chancellor’s efforts to reduce paperwork when claiming R&D tax credits, Peter Maybrey, financial services tax partner at PwC said: “The Chancellor’s moves...

Budget 2017 - PwC comments on the impact of NIC changes on financial services contractors and employers

Commenting on the increase in the main rate of Class 4 NICs for the self-employed by 1% to 10%, with a further 1% increase in...

Budget 2017 - PwC comments on today's Budget and the financial services sector - damp squib or thankfully quiet?

Commenting on today's Budget in relation to the financial services sector, Sarah Prior, financial services tax partner, said: "Today's Budget has thankfully been a quiet...

03 March 2017

New banks shed “challenger” label and sharpen focus on distinctive offerings

‘Challenger’ CEOs say distinctive offerings avoid the need to compete directly with the main high street players – many don’t see current account switching market...

25 January 2017

50% of the public would pay more tax to improve NHS services

New research published today, by PwC, reveals that half the general public would pay more national insurance to help improve NHS services. Only a quarter...

23 January 2017

Mixed picture for UK financial services sector, latest CBI/PwC survey finds

Hiring expected to rise as profitability improves Sentiment amongst financial services firms deteriorated further in the three months to December, but there are signs of...

12 December 2016

PwC comment on today's social care funding story

Commenting on today's story of ministers considering local council tax rise to cover social care funding, Alan Milburn, former Health Secretary and chair of the...

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 - 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,...

09 November 2016

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...

08 November 2016

UK cities now outperform pre-crisis peak – PwC’s Good Growth for Cities index 2016

Oxford and Reading top the 2016 UK city rankings, ahead of other leading UK cities Edinburgh, Southampton and Bristol All cities have shown improved performance,...

04 November 2016

PwC Sponsors Z/Yen’s InsurTech Academy

PwC Sponsors New Collaborative InsurTech Research Project PwC and think tank Z/Yen are pleased to extend their association with the launch of a new project...

03 November 2016

NHS staff and public want reforms to end confusion in current national health and social care system

70% of NHS staff in England say they do not understand role of national bodies Two in three say divide between health and social care...

Credit where it’s due- UK unsecured borrowing increases by £62m a day

Total unsecured debt in UK reached an all-time high in 2016, at almost £10,000 per household PwC’s Credit Confidence Survey shows confidence at its highest...

01 November 2016

Low Carbon Economy Index 2016: UK maintains its position as a climate change leader

The UK has maintained its position as one of the world’s leaders on climate action, outperforming decarbonisation levels in the US, Germany, France and the...

26 October 2016

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...

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...

29 July 2016

European Banking Authority stress test results: PwC comments

Anthony Kruizinga, PwC's European head of stress testing, said: “The European stress testing regime, which began in its current form with the Comprehensive Assessment in...

21 July 2016

Europe’s banking market in need of a “Fintervention”– and now has a major opportunity to transform itself

European banks must initiate an overhaul in order to fend off new and varied challengers as the spectre of Brexit looms over the sector. This...

18 July 2016

PwC reveals public view of armed services in latest Forces for Change survey

A PwC survey has found that nearly half the public are supportive of nuclear deterrent, while a significant proportion of people remain undecided, particularly women....

Government Digital Economy report - PwC comments

In response to the report on the Digital Economy released this morning by the House of Commons' Business, Innovation and Skills Select Committee, Mike Greig,...

24 June 2016

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 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 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...

16 June 2016

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...

01 June 2016

UK/EU Markit PMI Manufacturing figures - PwC's manufacturing leader comments

Cara Haffey, PwC's UK industrial manufacturing leader, commented on the Markit PMI Manufacturing figures released today: "The latest PMI figures are undoubtedly disappointing for the...

26 May 2016

PwC report: The Local State We’re In 2016 – hopes for devolution up, but challenges remain

A fifth of local authority chief executives and council leaders across the UK expect to have additional devolved powers by 2020, but more than eight-in-ten...

25 May 2016

Paris Agreement seen as boost for carbon markets – but prices too low to hit targets

IETA survey, conducted by PwC, measures carbon market sentiment An overwhelming majority of respondents to IETA’s annual market sentiment survey expect an expansion of carbon...

17 May 2016

CMA publishes provisional decision on remedies for the retail banking market : PwC comments

Commenting on today's publication of the Competition and Markets Authority (CMA) retail banking investigation provisional remedies, John Lyons, retail and commercial banking leader and partner...

27 April 2016

PwC's Global Investor survey reveals contrast with CEO opinions on key skills, value creation and performance incentives

A new global survey from PwC reveals the differing views between investors and chief executives on key issues such as performance incentives, the availability of...

Media sans frontieres – cross border news on the rise

PwC has today published a unique report into cross-border news – that is, news consumed outside the home country of its producer. The research shows...

29 March 2016

‘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...

14 March 2016

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...

29 February 2016

Savvy shoppers go smartphone globetrotting to bargain hunt – but worries still linger about information security

As canny shoppers find more sophisticated ways to compare prices and find the best deals, 70% of UK consumers say they expect to buy goods...

17 February 2016

UK banking CEOs issue warnings on cyber threats and job cuts - PwC survey

UK banking CEOs are preparing for cyber-attacks, predicting a decline in staff numbers and planning tax changes to reflect tougher stakeholder expectations over banking transparency....

15 February 2016

PwC accelerates recruitment of data scientists to transform its deals business

PwC plans to add more than 1,000 data scientists to the 500 currently active in its international deals business over the next 18-24 months. This...

10 February 2016

The doctor will ‘I.T.’ you now: 4 in 10 willing to consult “virtual GPs” through apps, UK-wide study finds

A new PwC study of the UK’s healthcare market has found that almost four in 10 people would be willing to receive advice from their...

03 February 2016

Can proposed LBTT changes boost growth in Scotland’s housing supply – PwC comments

It is vital that any changes to Scotland’s Land and Building Transaction Tax (LBTT) have a positive impact on the housing market if Scotland is...

21 January 2016

Brantano (UK) Limited (the “company”) - in administration

Brantano (UK) Limited (the “company”) - in administration Tony Barrell, Mike Jervis and Rob Hunt of PwC have today been appointed as joint administrators of...

PwC launches new global technology team to harness Bitcoin technology

PwC has recruited 15 leading technology specialists to exploit and commercialise blockchain, the technology that powers the crypto-currency, Bitcoin. The new Blockchain team will be...

PwC comments on the Bank of England's New Bank Start-up Unit launch

Commenting on the announcement regarding the Bank of England’s launch of a New Bank Start-up Unit, Darren Meek, PwC's challenger banks leader, said: "This announcement...

18 January 2016

Profitability remains strong as Financial Services firms focus on costs, says CBI/PwC poll

Overseas level of business below normal, quarterly survey finds Growth in business volumes picked up more strongly than expected in the three months to December...

30 December 2015

UK flooding – PwC updates insurance loss estimates from Storms Eva and Desmond and comments on Storm Frank

Mohammad Khan, general insurance leader at PwC, said: “The effects of continuing torrential weather are set to hit parts of the UK even harder. Our...

16 December 2015

Scottish draft budget 2016/17 - PwC in Scotland comments on SRIT and future tax reform

Commenting on the Scottish Draft Budget 2016/17, David Glen, head of Tax, PwC in Scotland, said: “As anticipated, John Swinney confirmed no change to the...

15 December 2015

Role of business written into global climate agreement: PwC CEO survey on transformation process

PwC survey shows CEOs are coming to terms with risk, regulation and transformation ahead UN Climate Summit in Paris recognises role of private sector in...

11 December 2015

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

PwC is delighted to confirm the successful conclusion of the sale of substantially all of the remaining businesses and assets of Caparo Industries Group. This...

IPO market ends 2015 on a high with estimated total annual proceeds increasing by 15% year on year

PwC expects to see more than €58 billion of proceeds raised in FY15, after Q4 delivered five mega IPOs raising more than €1.5billion each across...

08 December 2015

Cyber crime fears dominate UK Banking Banana Skins' threat rankings

‘Banana Skins’ poll identifies top threats to banks UK bankers and market watchers now place fears about cyber crime at the top of a list...

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...
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