© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - Budget 2015: Pennies Welcome – Pounds Preferred
Posted 19th March 2015

Budget 2015: Pennies Welcome – Pounds Preferred

David McCorquodale, KPMG head of retail, comments on the impact of today's budget announcements on the UK High Street.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Budget 2015: Pennies Welcome – Pounds Preferred
Image

Budget 2015: Pennies Welcome – Pounds Preferred

David McCorquodale, KPMG head of retail, comments on the impact of today’s budget announcements on the UK High Street.

David said: “The Chancellor’s announcement today saw many incremental ways of putting more pennies in to consumer’s pockets. Increases in the minimum wage and personal allowance combined with a ‘penny off a pint’ and a ‘tenner in the tank’ all point towards shoppers receiving a boost to their disposable income levels.

“These measures are welcomed and the challenge for the retail industry is to be first to grab that share of household wallet from other industries such as casual dining and leisure.

“However, the retail sector will look to the next government to give consumers the confidence to shake off personal austerity and start to feel prosperity. When economic recovery eventually leads to real wage rate inflation, only then will consumers feel confident enough to spend a pound rather than a penny.

“A positive sounding budget but still against a background of high national debt and low growth ahead meaning the retail sector has to continue to fight hard for market share growth to drive returns.”

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
Is It Worth Investing In Trademarks When Expanding Your Business Globally?
News
16/12/2022Is It Worth Investing In Trademarks When Expanding Your Business Globally?

Most business owners want to ensure that their products resonate with their local consumers before expanding globally. If your product or service has become a success and you know there is a market outside Canada, going global is a good idea. 

Read Full PostRead - Eye Icon
Investors Urged to Invest Overseas to Mitigate Risks Posed by UKIP Gains
Finance
23/02/2015Investors Urged to Invest Overseas to Mitigate Risks Posed by UKIP Gains

Investors need to take precautions against a fall in the value of UK assets, which may be triggered by UKIP gains at the polls.

Read Full PostRead - Eye Icon
Data Warehousing: What It Is and Why It Is Important
News
25/05/2022Data Warehousing: What It Is and Why It Is Important

Cloud-based technology is rapidly changing the way people do business throughout the world. Companies can execute their operations more swiftly and effectively thanks to this technology. Important company data such as client portfolios, merchandise, and employ

Read Full PostRead - Eye Icon
Banking Industry Should Learn from Telecoms Sector in Approach to Product Sales
Finance
12/12/2016Banking Industry Should Learn from Telecoms Sector in Approach to Product Sales

Specialist management consultancy Baringa Partners responds to the news that HSBC has closed 200 branches this year.

Read Full PostRead - Eye Icon
The Main Differences Between Sole Proprietorships & S-Corps
M&A
01/11/2021The Main Differences Between Sole Proprietorships & S-Corps

One of the biggest decisions a self-employed freelancer turned business owner has to make is deciding what type of business entity works best for them. If you’re the only owner of your company, your options often narrow down to two: an S-Corp or sole proprie

Read Full PostRead - Eye Icon
Ambienta Acquires a Majority stake in SF-Filter AG
Finance
09/02/2016Ambienta Acquires a Majority stake in SF-Filter AG

Ambienta, the largest European private equity fund specialised in environmental businesses, today announced it has acquired a majority stake in SF-Filter AG, Zurich, a successful specialist for filter solutions with sales of about CHF 80 m.

Read Full PostRead - Eye Icon
Intra-Company Transfers: A strategic advantage for global businesses expanding into the US.
Legal
12/03/2026Intra-Company Transfers: A strategic advantage for global businesses expanding into the US.

Multinational companies entering the American market face more than just logistical challenges, such as office leases and local recruitment. The most important factor is the ability to relocate key personnel who already understand the company’s systems,

Read Full PostRead - Eye Icon
2016 First Quarter Update – Haviaras & Philippou
Innovation
08/06/20162016 First Quarter Update – Haviaras & Philippou

Based in Cyprus, Haviaras & Philippou L.L.C. are a highly regarded law firm who have built their reputation through consistently providing outstanding services for their clients.

Read Full PostRead - Eye Icon
Going Green with Legal Tech: How Digital Solutions are Cutting Down Paper Use
News
26/01/2024Going Green with Legal Tech: How Digital Solutions are Cutting Down Paper Use

Going Green with Legal Tech: How Digital Solutions are Cutting Down Paper Use Lawyers engage every day in a process that is known for and dependent upon consistency. Those dusty books you see in the background of every law office ever featured in television or



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow