Engaging with and advising policy makers

As a leading professional services firm our responsibility is to promote a robust and independent legislative and regulatory framework that meets the needs of the wider economy and assist policy makers’ deliberations on that framework by providing data and other evidence.

We engage, therefore, with those in positions of influence, for three purposes:

  • to provide evidence and technical advice on specific proposals and policies;
  • to provide insight into the operations of business and the capital markets reflecting our work with a very wide spectrum of business both in the public and private sectors: and
  • to encourage policy makers to act in the public interest without imposing disproportionate measures that will have a detrimental effect on the firm’s ability to facilitate economic growth.

We engage with politicians, government officials and regulators both inside and outside the UK to reflect the international dimension of the firm's work.

PwC has no political affiliation. In the interests of the firm and its clients, we seek to develop and maintain constructive relationships with the main political parties. In pursuit of this objective, we may, subject to the agreement of the Executive Board, provide limited assistance to those parties in areas where we have appropriate expertise.

Our people provide limited and fully disclosed technical support to the main political parties in areas where our expertise and knowledge of the business environment can help them better understand technical matters and the consequences of their policy proposals. We do not develop policy on their behalf. Areas of assistance may include observations on the improvement of legislation or proposed legislation and the exchange of information relevant to effective policy development. In considering any assistance, the Executive Board has regard to the possible impact on clients of the firm and the firm’s overall reputation.

All of the support we provide to the political parties is recorded and reported to the Electoral Commission (www.electoralcommission.org.uk), which publishes a detailed breakdown of the work undertaken and the amount that would otherwise have been charged to the political party (as reported to the Electoral Commission).

In FY15, we provided a total of 9091 hours of free technical support to political parties (2014: 6,004). The value of this work, which is reported to the parties using principles established by the Electoral Commission, was £0.7m (2014: £0.4m) and comprised 2247 hours of support to the Conservative Party, 5473 hours to the Labour Party and 1371 hours to the Liberal Democrat Party.