© 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
Organisational security and the hidden risk
Strategy
20/01/2021Organisational security and the hidden risk

The security needs of businesses vary greatly dependent on the sector they are in. Despite the varying requirements, each business’ broader approach to security should follow a similar format where vital assets – those that needs to be protected - are surr

Read Full PostRead - Eye Icon
What Exactly is Workers’ Compensation and How is it Paid Out?
Legal
11/08/2022What Exactly is Workers’ Compensation and How is it Paid Out?

When you get injured in a workplace accident, it can be hard to keep getting up every day and attending to your duties normally. The good news is that you may be eligible to collect medical bills and lost wages if you suffer a workplace injury or illness, rega

Read Full PostRead - Eye Icon
Under Promise  – Over Delivery
Finance
26/01/2017Under Promise – Over Delivery

Jean-Claude and Partners, winner of the 2016 Most Innovative Accountancy Firms for France offers an insight into this accounting firm, of which he is the managing director of.

Read Full PostRead - Eye Icon
Design Strategies That Turn Limited Exhibition Areas into Lead-Generating Machines
Technology
20/04/2026Design Strategies That Turn Limited Exhibition Areas into Lead-Generating Machines

A small booth can either fade into the background or become the busiest spot on the floor. The difference rarely comes from budget alone. It comes from clear decisions, smart layout, and strong visual choices. I’ve seen brands double their lead count without

Read Full PostRead - Eye Icon
CEO of the Month, USA: Michael J. Mardy, Tumi
Leadership
28/10/2015CEO of the Month, USA: Michael J. Mardy, Tumi

Tumi is a leading, global, premium lifestyle brand whose products offer superior quality, durability, functionality and innovative design.

Read Full PostRead - Eye Icon
How much are companies spending on employee breaks?
Leadership
12/07/2019How much are companies spending on employee breaks?

Keeping a close eye on your companies’ finances is an important role – but do you know how much your employees are costing you when there taking a break? Inn Supplies, leading supplier of paper coffee cups, looks in detail at the costs:

Read Full PostRead - Eye Icon
The Role of Innovation in Modern Marketing Strategies
News
28/05/2024The Role of Innovation in Modern Marketing Strategies

In the dynamic terrain of modern marketing, innovation isn’t just a buzzword; it’s the linchpin of success. Whether you’re managing an HVAC company or overseeing an eCommerce empire, novel strategies can dramatically amplify your reach and pr

Read Full PostRead - Eye Icon
Excellence in Fatal Injury Litigation: Top Legal Practitioners in the United States
Legal
26/01/2026Excellence in Fatal Injury Litigation: Top Legal Practitioners in the United States

The loss of a loved one is one of the most devastating experiences a family can endure. Beyond the emotional trauma, families are often confronted with sudden financial strain, unanswered questions, and complex legal challenges. When a death occurs as a result

Read Full PostRead - Eye Icon
Saga Welcomes Osborne’s Inheritance Tax Reforms
Finance
09/07/2015Saga Welcomes Osborne’s Inheritance Tax Reforms

In a poll of more than 10,000 over 50s two thirds (65%) thought that the main family home should be excluded from inheritance tax calculations.



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