© 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
Portugal: A Promising Future
Finance
22/01/2015Portugal: A Promising Future

Acoq is a consultancy firm situated in Portugal. They talk us through Portuguese economic recovery and the challenges it brings to their business.

Read Full PostRead - Eye Icon
Why Human Behaviour is Both a Cyber Threat and a Cyber Defence
Innovation
18/10/2023Why Human Behaviour is Both a Cyber Threat and a Cyber Defence

The digital divide in cyber security is human. When we fail to acknowledge the reality of human behaviour, how people typically work, day to day, we risk undermining the progress of cybersecurity technologies and email is often the achilleas’ heel, according

Read Full PostRead - Eye Icon
Four Signs Your Business is Guilty of Wellbeing Washing and How to Avoid It
Corporate Social Responsibility
24/09/2024Four Signs Your Business is Guilty of Wellbeing Washing and How to Avoid It

It’s not rocket science that if employees feel valued and heard, they are more likely to engage in organisational goals, collaborate effectively, and do their best. High wellbeing results in workplace retention and serves as a talent magnet. However, with th

Read Full PostRead - Eye Icon
Understanding the Importance of Valuation in Mergers and Acquisitions
Finance
02/03/2026Understanding the Importance of Valuation in Mergers and Acquisitions

Mergers and acquisitions (M&A) are pivotal activities in the corporate world, involving complex processes that can significantly impact a company’s growth trajectory. A critical component in these transactions is financial valuation, which helps dete

Read Full PostRead - Eye Icon
AI Can Transform Our Businesses – But Beware of the Legal Pitfalls
Innovation
01/09/2023AI Can Transform Our Businesses – But Beware of the Legal Pitfalls

With artificial intelligence (AI) now firmly part of our everyday lives, businesses harnessing the power of this rapidly advancing technology must consider the legal constraints involved. Ben Travers, specialist intellectual property and technology partner at

Read Full PostRead - Eye Icon
MitonOptimal to Acquire Coram Asset Management in the UK
Finance
21/06/2016MitonOptimal to Acquire Coram Asset Management in the UK

MitonOptimal International, the Guernsey-headquartered discretionary fund management company, is to acquire Coram Asset Management Limited.

Read Full PostRead - Eye Icon
King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel
Legal
10/06/2015King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel

King & Wood Mallesons Advise Colgate-Palmolive During Sale to Henkel

Read Full PostRead - Eye Icon
2016 Most Innovative Hedge Fund Manager – USA
Finance
29/06/20162016 Most Innovative Hedge Fund Manager – USA

Vida Capital is an alternative asset manager focused exclusively on longevitycontingent assets, including life settlements, annuities, notes, and structured settlements. Vida seeks to provide strong absolute and risk-adjusted returns. The Vida team are value i

Read Full PostRead - Eye Icon
Cloud Pioneer Liaison Technologies Launches Industry’s First dPaaS
Innovation
02/04/2015Cloud Pioneer Liaison Technologies Launches Industry’s First dPaaS

Liaison Technologies, the industry-recognized leader in cloud-based integration and data management offerings, today announced the availability of the Liaison Alloy Platform™, the industry's first dPaaS (Data Platform as a Service) solution.



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