© 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
American Express Survey Reveals UK Businesses Are Maintaining a Prudent Approach to Business Growth
Finance
02/03/2015American Express Survey Reveals UK Businesses Are Maintaining a Prudent Approach to Business Growth

Caution typified by the recession era still prevails, says American Express

Read Full PostRead - Eye Icon
Four Communications Moves into Retail Sector with Acquisition of Rain Communications
Finance
26/07/2016Four Communications Moves into Retail Sector with Acquisition of Rain Communications

: Independent integrated agency Four Communications Group (Four) today announced the acquisition of Rain Communications (Rain) in a move that sees the business extend into the retail, destination and luxury sectors. Rain, which was formed over a decade ago, bi

Read Full PostRead - Eye Icon
Lear Capital Reviews the Way Investors in Other Countries Approach Physical Precious Metal Assets
News
22/07/2024Lear Capital Reviews the Way Investors in Other Countries Approach Physical Precious Metal Assets

As federal reserve bank records show, historically, a number of central banks have invested in U.S. Treasury securities. Some have pulled back on the practice in recent years, though, and are now focusing more on gold, according to Kevin DeMeritt, founder and

Read Full PostRead - Eye Icon
The Age of Big Data
Innovation
05/12/2016The Age of Big Data

ORTEC Consulting is a highly renowned specialist in business analytics. We support companies by providing analysts with in-depth experience in advanced analytics.

Read Full PostRead - Eye Icon
Strategic Cleaning: Enhancing Health, Morale, And Profits
Corporate Social Responsibility
30/08/2023Strategic Cleaning: Enhancing Health, Morale, And Profits

As a business owner, you want your company to succeed in every aspect, and one often overlooked area is the cleanliness of your workspace. A clean office serves as a reflection of your company's values and professionalism.

Read Full PostRead - Eye Icon
Reduce Employee Turnover With These 5 Strategies
Strategy
01/03/2023Reduce Employee Turnover With These 5 Strategies

Managing a business is more than overseeing your operations and keeping your company's finances afloat. One of the equally important tasks you must prioritize is caring for your organization's vital asset- your employees.

Read Full PostRead - Eye Icon
Why Financial Literacy Is Significant In Business Endeavors
Finance
01/07/2021Why Financial Literacy Is Significant In Business Endeavors

Financial Literacy is a critical skill when it comes to business endeavors. Do you want to know why? These are the main and most logical reasons.

Read Full PostRead - Eye Icon
Deal Volumes in the Consulting Sector Reach near-peak Conditions
Finance
12/04/2016Deal Volumes in the Consulting Sector Reach near-peak Conditions

2015 was a fantastic year for Consulting sector M&A deals! According to Equiteq’s Global Consulting Mergers & Acquisitions Report 2016, deal activity in the sector grew by 9.4%, continuing an upward trend in deal activity and multiples.

Read Full PostRead - Eye Icon
Innovative Wellness Companies of 2020
Innovation
02/06/2020Innovative Wellness Companies of 2020

When people used to think about how they could improve their lives, they may have focused on physical health or finding a better job. Now people look to personal wellness experts to improve their lives from every angle. Keeping track of your wellness means mon



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