Tag: PWC

Report suggests pension age will have to rise to 70

Report suggests pension age will have to rise to 70

A report by accountants PricewaterhouseCoopers (PwC) has waned that the pension age may have to rise to 70 by 2046 in order to deal with Britain’s debts. Current plans introduced by the coalition Government will see the state pension age lifted to 66 for both men and women by 2020. The pension age will then [...]

July 6, 2011 | 0 Comments More
Survey reveals financial sector grew in Q2

Survey reveals financial sector grew in Q2

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed business volumes grew in the three months to the end of June, albeit at a slower rate. Companies were asked how their business volumes fared in the second quarter with almost half saying volumes [...]

July 4, 2011 | 0 Comments More
Survey reveals financial services sector grew in Q1

Survey reveals financial services sector grew in Q1

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that business volumes grew in the three months to the end of March. The financial services sector, which represents around 8% of GDP, has been badly affected by the credit crunch and debt crises [...]

April 4, 2011 | 0 Comments More
UK exporters: emerging markets or join “slow lane of history”

UK exporters: emerging markets or join “slow lane of history”

A new report from PricewaterhouseCoopers (PwC) is urging UK companies to focus on emerging markets, or join the “slow lane of history” by continuing to focus on markets in North America and Western Europe. In PwC’s latest “World in 2050″ series, the firm’s head of macroeconomics, John Hawksworth, comments: “Rapid growth in consumer markets in [...]

January 7, 2011 | 0 Comments More
UK’s debt could slow growth for decades

UK’s debt could slow growth for decades

November 9, 2010 | 0 Comments More
PwC report warns of 1m job losses

PwC report warns of 1m job losses

A report by accountancy firm PricewaterhouseCoopers (PwC) today revealed around one million jobs could be lost in the UK, as a result of the massive spending cuts introduced by the Government. PwC said around half a million jobs will be lost in the private sector due to the impact on firms supplying the public sector. [...]

October 13, 2010 | 0 Comments More
Survey reveals financial services sector is growing

Survey reveals financial services sector is growing

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that the industry is growing, albeit at a slower pace than expected. According to the survey, activity in the sector in the last three months has grown at its fastest rate since September 2007, [...]

June 28, 2010 | 0 Comments More
Highland Airways enters administration

Highland Airways enters administration

Scottish airline, Highland Airways, has gone into voluntary administration putting 100 jobs at risk. The company, which is based in Inverness and also has routes to Wales, called in administrators last night, PricewaterhouseCoopers (PwC), to take over the running of the business. The Civil Aviation Authority (CAA) said operations had been suspended “with immediate effect”. [...]

March 25, 2010 | 0 Comments More
PwC report reveals more job woes

PwC report reveals more job woes

A report from accountants PricewaterhouseCoopers (PwC) has revealed more disappointment in the jobs market despite the UK emerging from recession in the fourth quarter of 2009. The report, which is based on interviews with bosses of 70 of the country’s largest companies, found that 28% of bosses are planning redundancies over the next year. The [...]

February 23, 2010 | 0 Comments More
PwC survey reveals fears over double-dip recession

PwC survey reveals fears over double-dip recession

A survey by accountants PricewaterhouseCoopers (PwC) revealed that many business managers are concerned that Britain is heading towards a double-dip recession (whereby the economy goes into recession twice without having undergone a full recovery in between.) Last week, official figures revealed that the UK economy grew by 0.1% between the October and December period, suggesting [...]

January 31, 2010 | 0 Comments More
E-clear placed into administration

E-clear placed into administration

Card-payment processing company, E-Clear, has been placed into administration. The company was responsible for online ticket sales at Scottish airline Flyglobespan, which collapsed in December. PricewaterhouseCoopers (PwC), which was appointed administrator for Flyglobespan, had been investigating E-Clear to establish why the company held back £35 million owed to Globespan Group, which operated Flyglobespan. E-Clear was [...]

January 19, 2010 | 0 Comments More
Survey reveals pessimism in financial services sector

Survey reveals pessimism in financial services sector

A quarterly survey of the UK’s financial services sector by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) has revealed that firms remain cautious in their outlook. According to Ian McCafferty, chief economic adviser at the CBI: “The bounce in UK financial services activity over the past six months is not expected to last [...]

January 11, 2010 | 0 Comments More
PwC expects hike in bad credit card debts

PwC expects hike in bad credit card debts

A study called “Precious Plastic” by accountancy firm PricewaterhouseCoopers (PwC) has found that while there has been a “cooling passion” for credit cards, bad credit card debts could jump as much as 9% of all outstanding balances by the end of 2010. According to Richard Thompson, a partner at PwC, over the last year, “there [...]

November 9, 2009 | 0 Comments More
Survey reveals firms considering freezing final-salary pension schemes

Survey reveals firms considering freezing final-salary pension schemes

A survey by accountancy firm PricewaterhouseCoopers (PwC) has revealed more worrying news for the retirement prospects of Britons. The survey by PwC, which polled 1,000 companies, established that 55 respondents are considering freezing their final-salary pension scheme for existing members within the next five years. It appears the trend is growing after banking giant Barclays [...]

June 23, 2009 | 0 Comments More
Financial services sector takes a battering

Financial services sector takes a battering

A survey by the Confederation of British Industry (CBI) has found that financial services companies are suffering record falls in profits. The fourth quarter of 2008 saw a fall in business from 87 such companies, with the CBI citing 2008 as a year the financial services industry ‘would rather forget‘. The survey, which was co-conducted [...]

January 12, 2009 | 0 Comments More
Job losses at Lehman’s European division

Job losses at Lehman’s European division

PricewaterhouseCoopers (PWC), which was appointed as the administrators of Lehman Brothers’ European division, have announced that 750 workers are to lose their jobs with immediate effect. PWC said the bulk of the losses will be made at the Canary Wharf offices in London and said all avenues have been exhausted and the jobs could not [...]

September 30, 2008 | 0 Comments More
Survey reveals further financial job losses

Survey reveals further financial job losses

A joint survey, conducted by the Confederation of British Industry (CBI) and PriceWaterhouseCoopers (PWC) has established that a further 10,000 City jobs will go in the financial services sector over the next 3 months, due to the ongoing credit crunch. In the previous quarter, between 10,000 and 11,000 jobs were lost as a result of [...]

June 30, 2008 | 0 Comments More