PwC grows revenues by 11 per cent and champion long-term investment in technology and people September 12, 2016 Big Four accountants PwC reported double-digit revenue growth for the second year running. And although it warned that the impact of the Brexit vote is “still being worked through” it was confident Britain was agile enough to deal with change. Revenues grew by 11 per cent to £3.4bn for the year to June 2016 – a rate [...]
Insurtech investment in the UK has tripled September 6, 2016 Investment in the insurance technology sector – part of London's world leading fintech scene – is booming. More than $22m (£16.5m) has been ploughed into insurtech so far this year – nearly triple the amount invested in the whole of last year and faster growth than any other country in the world. The research from Accenture and CB Insights, [...]
Next week’s junior doc strike called off September 5, 2016 The British Medical Association (BMA) has called off next week’s planned five-day strike over new contracts due to concerns over patient safety. Future dates planned for October, November and December will still go ahead unless the government calls off its plans to impose the new contract from next month. The walkout – which was only announced [...]
Private health market will not get treatment September 5, 2016 London's private healthcare market will not be subjected to further remedies, the Competition and Markets Authority (CMA) has decided. The Competition Commission, a predecessor to the CMA, started a market investigation into private healthcare in April 2012, which reported in April 2014 and required HCA International Limited, the largest private hospital operator in central London, [...]
HM Revenue & Customs (HMRC) rakes in £3bn by getting people to cough up early in investigations September 5, 2016 The taxman has bagged itself billions under recently introduced rules which allow it to force those currently under investigation to hand over the disputed tax in advance, it has been revealed today. Since the Accelerated Payment Notices (APN) rules were introduced in 2014, HM Revenue & Customs (HMRC) has issued 60,000 such notices to bring in £3bn earlier than [...]
Taxman sets up last chance saloon for those with hidden wealth offshore September 5, 2016 HM Revenue & Customs (HMRC) has today launched an online disclosure facility, aimed at those with outstanding tax liabilities from offshore wealth. The Worldwide Disclosure Facility (WDF), which was announced in the 2015 Budget, will offer no special deals to those who come forward but will be the last chance for people to come clean before a [...]
Second EU referendum legally possible, politically improbable September 5, 2016 Remainers (or Leavers having second thoughts) hoping for another punt at the EU membership vote might want to cover their ears now – the legal eagles have some bad news for you. A second referendum is legally possible, but politically, highly unlikely, lawyers have reminded people ahead of this afternoon's parliamentary debate. The debate, which will take [...]
Why PwC’s head of people wants firms to try harder with recruitment September 4, 2016 It’s 2016. The UK has its second female Prime Minister running the country, the US could potentially get its first female President later in the year, and there’s no shortage of positive role models for working women looking for inspiration. This makes the revelation of Laura Hinton, head of people and an executive board member [...]
Look away, legal eagles: Revenue and staff numbers slipped at the UK’s 100 largest law firms in 2016 September 2, 2016 This year has not been kind to those with a head for all things legal, as both revenue and staff numbers dropped at the UK's 100 largest law firms. The firms raked in a combined turnover of £20.2bn this year, a slip of two per cent compared with the £20.6bn reported last year. Meanwhile, the number [...]
PwC pays largest ever uncontested fine to Financial Reporting Council over Cattles audit sign-off August 31, 2016 The Financial Reporting Council (FRC) today fined PwC £2.3m in relation to the 2007 audit of failed sub-prime lender Cattles. The fines are the highest ever imposed by the FRC for an uncontested disciplinary hearing and only surpassed by the £3m of penalties accepted on appeal by Deloitte in connection with the failure of MG Rover. Total fines of £3.5m were reduced [...]