Listed below are our UK press releases, providing an overview of our activities and opinions over the last 18 months. Our most recent press releases can be found at the top of the page.
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| Deloitte announces new appointment to Life Sciences & Healthcare Practice |
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18 November 2008 |
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Deloitte, the business advisory firm, has appointed corporate finance specialist Chris Britten as a director to its expanding UK Life Sciences & Healthcare practice.
Commenting on the appointment, Simon Hammett, head of the UK Life Sciences & Healthcare practice, said: “As a leading provider of professional services across the pharmaceuticals, biotechnology, medical devices and healthcare sectors, our ongoing commitment is to give practical support to help clients respond to today’s complex business challenges.
“We are delighted to welcome Chris to our corporate finance advisory healthcare... |
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| Deloitte predictions for the Chancellor’s 2008 Pre-Budget Report |
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18 November 2008 |
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Alistair Darling will deliver his second Pre-Budget Report (PBR) on Monday 24 November. His first PBR certainly took everyone by surprise. Bill Dodwell, tax partner at Deloitte, considers what will he have in store this year?
Tax cuts?
The newspapers have been full of suggestions for major tax cuts, fuelled by some comments from the Prime Minister. Some have argued for a huge cut in VAT. However, a 2.5% cut to 15% - the minimum VAT rate allowed under EU law – would cost about £12.5 billion, but yield only about £200 per annum for an average earner. We believe that if tax cuts are introduced they will... |
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| Deloitte Hedge Fund Practice Tops Big Four in Alpha Magazine’s Alpha Awards |
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17 November 2008 |
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Deloitte has been selected as the top accounting firm in the Alpha Magazine 2008 Alpha Awards by the Hedge Fund 100, Alpha’s most exclusive ranking of the world’s largest single-manager hedge funds. Voters have rated Deloitte as the pre-eminent accounting firm for four consecutive years. "Deloitte’s multidisciplined approach and dedication to excellence has proven again to be the model that meets our clients’ sophisticated needs best," said Stuart Opp, Global Investment Management Leader at Deloitte. "We are honoured to be recognised as a leader in the marketplace by our clients. It is their belief in our... |
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| How bold? |
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15 November 2008 |
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Roger Bootle, economic adviser to Deloitte, gives his preview to the 2008 Pre-Budget Report, which will be delivered on Monday 24 November. His main points are as follows:- Alistair Darling may be the man at the despatch box, but the main architect of this Pre-Budget Report will be John Maynard Keynes. With the Government having firmly signalled its intention to support the ailing economy with a much-needed fiscal boost, the key question is just how bold it is prepared to be.
- The case for a loosening of fiscal policy has grown steadily stronger over recent months as the outlook for the economy has deteriorated and inflation...
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| Quietest quarter on AIM for over 4 years |
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14 November 2008 |
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Quarterly analysis of the AIM market by Deloitte, the business advisory firm, has shown that there has been the lowest level of activity on AIM in quarter three of 2008 than in any other quarter for over 4 years.
Richard Thornhill, capital markets Director at Deloitte, commented: “The wider economic turmoil that we are all aware of has stymied almost all attempts to raise new money on the AIM market. There remains a pipeline of companies seeking an admission to AIM, but these are currently playing a waiting game: even if they found investors willing to provide the funds, the severe risk aversion in the marketplace... |
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| Deloitte celebrates triple awards success |
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13 November 2008 |
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 Deloitte, the business advisory firm, stormed to success at the 2008 Accountancy Age awards last night, winning three major awards:- Firm of the Year
- Employer of the Year
- Personality of the Year for John Connolly, UK chief executive, for a second time.
Explaining why they chose Deloitte as Firm of the Year, the judges said: “The firm has had a great story to tell over the past 12 months...
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| Christmas isn’t cancelled as majority plan to spend same as last year |
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12 November 2008 |
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- Supermarkets set to benefit as price and value rise in importance
- While the party goes on for 16-24 year olds
In spite of the current economic turmoil, 57% of UK consumers say they intend to spend the same this Christmas as they did last year, according to the 14th annual Christmas Retail Survey, published today by the business advisory firm Deloitte. 24% of respondents say they will spend less and 19% say they will spend more. For many people in the UK, this year will be Christmas as usual. Tarlok Teji, head of retail at Deloitte, said: “Although this Christmas may be one... |
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| Deloitte comments on the announcement of the date for the 2008 Pre-Budget Report |
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12 November 2008 |
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Bill Dodwell, head of tax policy at Deloitte, said: “After the Chancellor's spectacular first Pre-Budget Report (PBR), last October, the Chancellor will find considerable public focus on his second PBR, to be delivered on 24 November. Undoubtedly, Alistair Darling will focus on the current challenging economic outlook, including his growth forecasts for the UK and tax, spending and borrowing figures for the current and next financial year.
"There has been considerable speculation about tax cuts, to aid the UK economy. We doubt that the Chancellor will propose any form of general tax cut, such as a cut in... |
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| Market failures and policy barriers threaten growth of Visitor Economy |
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11 November 2008 |
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- New Deloitte report reveals Visitor Economy is worth £114 billion, far larger than previously thought
- Visitor Economy has potential to grow to £188 billion by 2018
- But industry growth faces numerous real threats unless action is taken
A new report from business advisory firm Deloitte has revealed that the total economic contribution of the Visitor Economy to Britain is £114 billion, or 8.2 per cent of total GDP. This is far higher than previous estimates, taking into account...
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| Deloitte strengthens Debt Advisory team |
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10 November 2008 |
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Deloitte, the business advisory firm, has strengthened its debt advisory practice with two senior appointments. Tim Armstrong, formerly of Morgan Stanley, joins as a director and Floris Hovingh joins as an associate director.
During his tenure at Morgan Stanley, Tim was responsible for the global distribution and syndication of structured products. Prior to joining Morgan Stanley, he spent five years at Merrill Lynch where he focused on the distribution of USD CDOs to European investors. Before embarking on his financial career, Tim was a Captain in the British Army.
Floris joins from HBoS’s... |
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