© 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
Abbott to Sell Portion of Vascular Closure and Electrophysiology
Finance
19/10/2016Abbott to Sell Portion of Vascular Closure and Electrophysiology

Abbott and St. Jude Medical, Inc. announced today an agreement in principle to sell certain products to Terumo Corporation.

Read Full PostRead - Eye Icon
How to Raise Your Business Reputation When You Are On a Budget
News
26/07/2021How to Raise Your Business Reputation When You Are On a Budget

Running a business operation comes with a range of different challenges. One of the most common hurdles involves dealing with your company’s reputation and how to raise it. Fortunately, there are many things that you can do to build your brand, especially if

Read Full PostRead - Eye Icon
6 Common Issues With Medical Billing — and How to Overcome Them in Your Business
Innovation
15/05/20236 Common Issues With Medical Billing — and How to Overcome Them in Your Business

Running a medical billing business can be an incredibly rewarding endeavour, but it is not without its challenges. Every day, healthcare businesses face complex and ever-changing regulations that must be navigated to ensure accurate payments for services rende

Read Full PostRead - Eye Icon
Investing in “Green” Homes: A Profitable Strategy for a Sustainable Future
News
21/06/2023Investing in “Green” Homes: A Profitable Strategy for a Sustainable Future

In the wake of growing environmental concerns and the increasing demand for energy-efficient homes, investing in green homes has become a profitable and sustainable real estate strategy.

Read Full PostRead - Eye Icon
Ways to Safely Manage and Recycle E-Waste
Innovation
02/02/2023Ways to Safely Manage and Recycle E-Waste

As technology is rapidly evolving, more and more new devices and gadgets are being released almost every day. While the new invention is a step forward, we’re accumulating more e-waste than we can handle.

Read Full PostRead - Eye Icon
Global Insurance M&A Highest in Years Due to Low Interest Rates and Low Growth
Finance
11/11/2015Global Insurance M&A Highest in Years Due to Low Interest Rates and Low Growth

According to Moody's Investors Service the growth in M&A in the insurance industry, now at its highest level for many years, has been driven by the weak global economic environment and regulatory changes, spurring many groups to consider business sales, whilst

Read Full PostRead - Eye Icon
Intelligent Storage at the Edge
Innovation
09/10/2023Intelligent Storage at the Edge

Since the emergence of Cloud Computing, there has been an undeniable rise in the risk of data loss. Whether this is a result of a loss of control over how data is managed, or due to potential security breaches that could have detrimental effects on customer da

Read Full PostRead - Eye Icon
Here’s the Evidence You Need to Prove Negligence in A Car Crash
Legal
09/02/2023Here’s the Evidence You Need to Prove Negligence in A Car Crash

Negligence is a legal concept often used in car crash cases. It refers to a failure to exercise care, resulting in harm or injury to another person.

Read Full PostRead - Eye Icon
Clearwater International Advises Staffgroup during Cordant Group’s Acquisition
Finance
09/06/2015Clearwater International Advises Staffgroup during Cordant Group’s Acquisition

Clearwater International Advises Staffgroup during Cordant Group's Acquisition



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