© 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
Eight Practical Ways to Motivate Employees in Canada
Leadership
27/06/2023Eight Practical Ways to Motivate Employees in Canada

Motivating your employees is essential for fostering a positive work environment, boosting productivity, and increasing overall job satisfaction.

Read Full PostRead - Eye Icon
The Power of Now: Unleashing Success through Direct Response Marketing
News
06/08/2024The Power of Now: Unleashing Success through Direct Response Marketing

When instant gratification became the order of the day, direct response marketing emerged as one of the most heavy-duty strategies businesses can adopt. It entails immediate action on the consumers’ part and thus has the possibility of enhanced engagemen

Read Full PostRead - Eye Icon
What the Government’s New Insolvency Act Means For Suppliers
Legal
14/08/2020What the Government’s New Insolvency Act Means For Suppliers

As the country continues to combat coronavirus, the government has urgently fast-tracked a bill through parliament to provide support to businesses across the UK that may become insolvent in the fallout of the pandemic. One of the measures that has been introd

Read Full PostRead - Eye Icon
Copper sees continued industry momentum in CRM market across small and medium businesses
Leadership
28/11/2019Copper sees continued industry momentum in CRM market across small and medium businesses

Copper, a Google Cloud-recommended CRM for G Suite, has announced continued industry momentum following a flurry of new customer wins across small and medium businesses, in a year where the brand also raised $15M in Series C funding and appointed new CEO Denni

Read Full PostRead - Eye Icon
Growth in UK M&A Appetite – a Risky Business?
Innovation
29/02/2016Growth in UK M&A Appetite – a Risky Business?

KPMG forecasts published in September 2015 projected that appetite for M&A deals in the UK over the next 12 months would outstrip both the US and the rest of Europe (with appetite in the UK.

Read Full PostRead - Eye Icon
2016’s Most Innovative Hedge Fund Manager, Singapore
Finance
01/07/20162016’s Most Innovative Hedge Fund Manager, Singapore

APS Asset Management was founded in 1995 by its CIO, Wong Kok Hoi, in Singapore. In what started as a pioneer among home-grown boutiques, the firm has continued to go from strength to strength.

Read Full PostRead - Eye Icon
The Value of Private Equity Transactions
Finance
01/06/2016The Value of Private Equity Transactions

The value of private equity transactions was sky high in the second half of 2015 as USD 298,166 million was invested, reaching its highest level for a six-month period since the first half of 2007.

Read Full PostRead - Eye Icon
What Is Medical Negligence? What To Do If You Experience One
Legal
16/03/2023What Is Medical Negligence? What To Do If You Experience One

You expect the best care and results when you go to a hospital. However, sometimes things don’t go as anticipated. Your healthcare provider could make errors during treatment, diagnosis, or aftercare.

Read Full PostRead - Eye Icon
Specialized Shipping as Strategic Advantage: The Overlooked Element in Market Expansion Plans
Strategy
01/12/2025Specialized Shipping as Strategic Advantage: The Overlooked Element in Market Expansion Plans

Market expansion entails a comprehensive market analysis, product-market fit, robust strategies and financial forecasting. However, many fail to see logistics as a strategic lever to be maximised. Investing in specialised shipping services is a powerful compet



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