UK consumer confidence tumbles as households brace for ‘painful’ budget – business live

UK consumer confidence tumbles as households brace for ‘painful’ budget – business live
By: The Guardian Posted On: September 20, 2024 View: 16

Consumers are nervously awaiting the budget, reports data provider GfK, wiping out recent recovery in confidenceThis month’s plunge in consumer confidence is the steepest since April 2022, when energy costs were spiraling in the wake of Russia’s invasion of Ukraine, points out Bloomberg.They say:UK consumer confidence crashed in September by the most in two-and-a-half years amid dire warnings from the new Labour government about “tough decisions” that need to be taken to fix the public finances. Continue reading...

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