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The Latest Breaking News from PwC

Lowest rate of store closures since 2014 as post-Covid physical retail recovery picks up

In greater London last year there were 1208 store openings, compared with 1857 closures, which is an improvement on each of the prior two years

Evening Standard

Scotland sees lowest rate of store closures in seven years

Fewer retailers shut up shop here than almost anywhere else in Great Britain last year

Insider UK

China instructs state firms to phase out big four auditors

Firms urged to allow contracts with Deloitte, KPMG, EY and PwC to expire

The Guardian - UK

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Exclusive: Free school meals for all primary school pupils in London, says Mayor, in victory for our special investigation

Exclusive: Mayor to announce £130m package after the Evening Standard’s School Hunger Special Investigation

Evening Standard

Free school meals for every primary school pupil in London as Sadiq Khan unveils £130m scheme

Victory for Independent campaign as mayor of London pledges to help poorer families

The Independent UK

Investigation into PwC audit of collapsed shopping centre group Intu

Accountancy giant says it will cooperate fully with Financial Reporting Council

Insider UK

Investigation launched into PwC audit of failed shopping centre group Intu

A probe has been launched into the accounting giant's auditing of Intu accounts for the years 2017 and 2018

Birmingham Post

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ATO says millions in annual tax could have been lost due to PwC confidentiality breaches

Overseas clients of consulting firm PricewaterhouseCoopers stood to benefit financially after a man privy to Treasury consultations shared confidential meeting details.

ABC News

European court recognises French whistleblower behind LuxLeaks case

A French accountant who helped reveal tax breaks for multinational companies in Luxembourg in a scandal known as "LuxLeaks" has won the right to be recognised as a whistleblower at Europe's top rights court.

Radio France Internationale

European court rules in favour of whistleblower in Luxembourg leaks case

The European Court of Human Rights on Tuesday ruled in favour of a former employee of accounting firm PwC, saying his 2016 conviction for leaking data about Luxembourg's tax deals with large corporations violated his right to freedom of expression.

Reuters

Government seeks to lift standard of tax professionals

The Albanese government is planning to introduce laws aimed at improving trust in tax professionals and dealing with misconduct.

AAP

The CEO contradiction: Corporate leaders are afraid of a recession but nearly 70% plan to hire more people this year

While most CEOs are preparing for a recession, they’re also hoarding talent. “Employees may be able to breathe a sigh of relief,” says Dana Peterson, the Conference Board’s chief economist.

Fortune

'What we’re seeing' - FSG handed potential boost in Liverpool investment search

A PwC report has revealed that institutional investment is set to continue as Liverpool get future revenue hope

Liverpool Echo

Taxpayer-funded review that found 'flaws' in Robodebt scheme was discontinued by Department of Human Services, royal commission told

In a deal worth almost $1 million, the Department of Human Services engaged a consultancy firm PricewaterhouseCoopers to review the budget savings program, but then declined to see the end result.

ABC News

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Fortune

CEOs say long-term transformation continues unabated, despite recession fears

If anything, the focus has intensified.

Fortune

How CEOs are managing the tension in the face of recession

Leaders know that society is always in a period of change and that uncertainty will always exist.

Nottingham Post

Nottingham City Council's extra £600,000 spend on consultancy is to ensure it becomes 'robust'

Nottingham City Council has just approved spending an extra £600,000 on a consultancy which is supporting the delivery of a financial improvement plan.

Birmingham Post

Appointments and promotions from across the East Midlands

News from Stockyard, PwC, Creative62, V Formation, Invictus, Nottingham Venues, Hallam and others

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Fortune

How CEOs are embracing the future of work to help advance DEI in 2023

To be effective, leaders can focus their efforts on three key drivers.

Nottingham Post

More than £1m now spent on Nottingham City Council consultant to deliver financial improvement plan

Nottingham City Council has approved spending more than £600,000 on PricewaterhouseCoopers

ABC News

Treasurer Jim Chalmers furious former PwC partner leaked confidential government briefings

Jim Chalmers says there was a breach of trust when a former partner at consulting firm PricewaterhouseCoopers leaked confidential government briefings to the firm's staff and partners.

The Guardian - AU

Jim Chalmers ‘furious’ after former PwC tax adviser found to have shared confidential government briefings with staff

Treasurer vows to ‘throw the book’ at people responsible for breach after unauthorised disclosures of multinational tax consultations

AAP

Lawyer ignored tribunal's robodebt finding

A government lawyer told staff they could keep using an unlawful debt collection method as long as they'd tried other ways first, a royal commission has heard.

Nottingham Post

Paperchase future uncertain as brand potentially seeks new buyer

The stationery brand is in trouble less then six months after its last buyout

Bangkok Post

Executives gloomy about global outlook

Chief executives of companies around the world are planning to cut operating costs as nearly three-quarters of them anticipate a decline in global economic growth over the next 12 months, according to a recent survey by PwC.

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