© 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
Why Cash Visibility Is the Missing Link in a High-Interest-Rate Environment
Finance
03/12/2025Why Cash Visibility Is the Missing Link in a High-Interest-Rate Environment

Every financial decision today carries greater weight and incurs higher costs. Borrowing has become more expensive, liquidity risk has increased and investors are becoming increasingly unforgiving of missteps.

Read Full PostRead - Eye Icon
Better Capital sale of Calyx Managed Services
Finance
19/03/2015Better Capital sale of Calyx Managed Services

Following a competitive auction process involving a number of interested parties, Calyx Managed Services (“CMS”) was sold to MXC Capital Limited for an enterprise value of £9.0m. The CMS element of the Calyx Group’s most recent valuation was £4.9m.

Read Full PostRead - Eye Icon
Not Losing Interest
Finance
13/02/2017Not Losing Interest

Cavmont Bank Ltd’s vision is to be a world class bank rated amongst the best in Zambia with a focus on partnering with all their stakeholders. Following their success in winning the 2016 Banker of the Year Zambia

Read Full PostRead - Eye Icon
Tax Season Prep: The Complexities of International Tax Compliance
Finance
15/04/2025Tax Season Prep: The Complexities of International Tax Compliance

International tax compliance has become increasingly complex for today’s globally active companies. With operations crossing borders and tax authorities heightening enforcement, business professionals face growing pressure to ensure accurate and timely repor

Read Full PostRead - Eye Icon
Industrial Businesses: Lowering Costs To Better Your Bottom Line
Finance
27/09/2022Industrial Businesses: Lowering Costs To Better Your Bottom Line

Starting up and maintaining your industrial business to be profitable is a challenge. The start up costs are some of the highest for any industry, with the highest costs associated with purchasing and maintaining equipment. 

Read Full PostRead - Eye Icon
How to Transform Retail Customer Experience with VR
Innovation
08/06/2023How to Transform Retail Customer Experience with VR

Each year, the number of customers ready to make purchases with VR is growing, even in the premium segment of the retail market. According to June 2022 Global Consumer Insights Pulse Survey by PWC, 19% of consumers used VR to purchase luxury goods.

Read Full PostRead - Eye Icon
What Can You Use A Business Administration Degree For?
Leadership
23/12/2020What Can You Use A Business Administration Degree For?

Investing in education is always a wise decision. Many opportunities open up when you become more educated. A business administration degree emphasizes planning, administration, leadership skills, and other aspects involved in running or managing a company.

Read Full PostRead - Eye Icon
Creating More Intelligent, Connected Fleet Operating in the UK
Strategy
14/01/2026Creating More Intelligent, Connected Fleet Operating in the UK

As UK businesses dependent on vehicle sets face increasing pressures, there is greater consideration of how mobility provides the foundation for long-term business growth. Now more than ever, vehicles operated by logistics, utilities, construction, healthcare,

Read Full PostRead - Eye Icon
How to Find the Right Bookkeeping Service for Your Business
Finance
24/03/2026How to Find the Right Bookkeeping Service for Your Business

For high-growth businesses, successful scaling depends on attention to the small details. Having a strong sense of financial clarity grows in proportion to operational ambition and is both an administrative requirement and a strategic asset.



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