© 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 CFDs Are Worth Your Time, Attention, and Trades
Finance
10/07/2020Why CFDs Are Worth Your Time, Attention, and Trades

While some markets are struggling with an economic downturn, investors have been keeping busy. During the first half of 2020, there has been an uptick in trading activity across the world’s markets. In particular, significant growth was seen in stock and ind

Read Full PostRead - Eye Icon
Browne Jacobson advises LDC on £25m Aspin Group investment
Finance
14/05/2015Browne Jacobson advises LDC on £25m Aspin Group investment

Browne Jacobson advises LDC on £25m Aspin Group investment.

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
E2V Technologies surges almost 50% after being acquired by Teledyne
Innovation
31/01/2017E2V Technologies surges almost 50% after being acquired by Teledyne

E2V Technologies, a British technology firm that specializes in the development of radio amplifiers, microprocessors and imaging sensors for the medical technology, aerospace, and military sectors, was acquired by USA-based Teledyne in a takeover deal last wee

Read Full PostRead - Eye Icon
Most Innovative Medical Device Manufacturer 2024 – Southern California, MedTech CEO of the Year 2024 (California): Perry Brunette
Innovation
28/05/2024Most Innovative Medical Device Manufacturer 2024 – Southern California, MedTech CEO of the Year 2024 (California): Perry Brunette

In the healthcare sector, Artificial Intelligence (AI) continues to prove itself a true gamechanger, whether used to organise patient data or in the form of robots to assist in surgery

Read Full PostRead - Eye Icon
Delivering Excellence in the Coaching Sector
Innovation
04/01/2017Delivering Excellence in the Coaching Sector

2b Limitless as a professional coaching organisation focused on strengths, engagement, performance and transformation. We are focused on c-suite executives, senior leaders, entrepreneurial leaders and high performance teams. Our core business is built around e

Read Full PostRead - Eye Icon
CEO of the Year – New Jersey
Innovation
02/02/2016CEO of the Year – New Jersey

The Macaluso Group (“TMG”) is a technology and data driven company focused on pioneering co-pay and financial payment solutions.

Read Full PostRead - Eye Icon
Safety Considerations Your Fleet Company Cannot Afford to Overlook
News
19/07/2022Safety Considerations Your Fleet Company Cannot Afford to Overlook

Every type of business and job has some element of safety that needs to be a top priority. While there are safety considerations that are essentially universal, there are also many that are a great deal more specific. When you are the owner of a fleet company,

Read Full PostRead - Eye Icon
TM Capital Corp Advises Jordan Company Through Purchase of DiversiTech
Legal
24/06/2015TM Capital Corp Advises Jordan Company Through Purchase of DiversiTech

TM Capital Corp Advises Jordan Company Through Purchase of DiversiTech



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