Daily Market Updates: UK consumer confidence falls at fastest rate since Brexit vote as cost of living bites

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UK consumer confidence falls at fastest rate since Brexit vote as cost of living bites

Reported · Written up by our desk · North America

Economic fallout from war in Middle East adds to pressures on consumers and on chancellor before budget Consumer confidence in the UK has fallen at the fastest rate outside the Covid pandemic since the 2016 Brexit vote as the escalating economic damage from the war in the Middle East hits Britain. With less than a week before John Healey’s first budget, the latest barometer from the data company GfK indicated confidence plunged by 11 percentage points in October to -24 amid pressure on consumers from the rising cost of living. Continue reading...

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Sources

Guardian BusinessUK consumer confidence falls at fastest rate since Brexit vote as cost of living bites

Guardian EconomicsUK consumer confidence falls at fastest rate since Brexit vote as cost of living bites

Global Markets

UK consumer confidence falls at fastest rate since Brexit vote as cost of living bites

More like this

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