© 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
Study Proves Female Board Members Improve Share Price
Finance
22/04/2016Study Proves Female Board Members Improve Share Price

Having female managers on the board improves a company’s share price, according to new research from Skema business school.

Read Full PostRead - Eye Icon
How Industrial Couriers Play a Vital Role in the Supply Chain
Innovation
19/08/2022How Industrial Couriers Play a Vital Role in the Supply Chain

When most people think of couriers, we imagine the people handling last-mile delivery for a wide range of consumer products. However, there’s also major demand for couriers in a commercial context, and that’s where specialist providers come into the pictur

Read Full PostRead - Eye Icon
How Digital Tech Is Impacting the Charity Sector
Corporate Social Responsibility
29/03/2023How Digital Tech Is Impacting the Charity Sector

Over the last three years, charities have been forced to drastically rethink their way of working and the technology they use in order to stay afloat. Through the culmination of the COVID-19 pandemic and now the cost-of-living crisis, 82% of organisations have

Read Full PostRead - Eye Icon
Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024
Innovation
09/05/2024Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024

Boomi™, the intelligent integration and automation leader, today unveiled its vision for the company’s future, along with strategic acquisitions and key product announcements at Boomi World 2024. With more than 20,000 global customers and a network of

Read Full PostRead - Eye Icon
Cybersecurity A Growing Risk As Companies Rely On Technology To Overcome Increasing Regulatory Requirements
Finance
21/02/2019Cybersecurity A Growing Risk As Companies Rely On Technology To Overcome Increasing Regulatory Requirements

With regulations across a wide variety of industries on the rise, companies are increasingly focusing on technology to help bear the strain. However, this comes at a cost, with cybersecurity now a growing threat, as Acquisition International explores. As incre

Read Full PostRead - Eye Icon
UK-based medicinal cannabis private equity fund-vehicle JPD Capital expands into Spanish market
M&A
22/12/2020UK-based medicinal cannabis private equity fund-vehicle JPD Capital expands into Spanish market

Medicinal cannabis Private Equity fund-vehicle JPD Capital has announced it has entered into a joint venture with Verdex Group to create and scale a medicinal cannabis start-up in Spain.

Read Full PostRead - Eye Icon
How to Make Sure Your Remote Team is Cyber Secure
News
29/04/2022How to Make Sure Your Remote Team is Cyber Secure

As more and more businesses go remote, it’s important to make sure your team is cyber secure at all times. Here are the top ten ways to do just that. Monitor your data centre Whether your team is using a cloud-based service or you are relying on a physic

Read Full PostRead - Eye Icon
Gender Diversity: Differentiation Through Diversity
Leadership
08/03/2023Gender Diversity: Differentiation Through Diversity

Zoe Bailey joined European intellectual property firm, Withers & Rogers, as Head of Strategic Operations almost two years ago. Since then, she has worked alongside the company's female chair to implement a modern strategic framework for the business. Whilst th

Read Full PostRead - Eye Icon
6 Strategies for Boosting Employee Productivity and Sales
News
16/03/20236 Strategies for Boosting Employee Productivity and Sales

We often come across managers who provide their employees with full creative freedom and flexibility to meet their deadlines.



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