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UK Consumer Confidence Sinks to Lowest Since Labour Came to Power

Summary by Bloomberg

Confidence among UK households slipped to a new low under the Labour government, as consumers brace for higher prices and businesses warn of a hiring hit from rising payroll taxes.

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The Independent

FTSE 100 falls after plunging consumer confidence report

Polling by the British Retail Consortium found expectations for the economy worsened for the fifth consecutive month in February.

2 days ago·London, United Kingdom

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Guido Fawkes

Consumer Confidence Hits Record Low Under Reeves

Another day, another blow to the economy thanks to Reeves. Consumer confidence has crashed to a record low of -37 according to new figures from the British Retail Consortium. Drops for a fifth month in a row… BRC boss Helen Dickinson warns that shop owners will have no choice but to jack up prices and slash jobs just to survive thanks to the “triple whammy of Budget costs, business rates rises and new packaging and recycling levies.”[…] Read the…

UK Consumer Confidence Sinks to Lowest Since Labour Came to Power

Confidence among UK households slipped to a new low under the Labour government, as consumers brace for higher prices and businesses warn of a hiring hit from rising payroll taxes.

3 days ago·United States

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Grocery Gazette - Latest Grocery Industry News

Data: Consumer confidence at new low as rising costs bite

Consumer confidence has sunk to a new low, falling almost 40 points since July 2024 as the British Retail Consortium chief executive said businesses are warning of the impact of rising costs.

3 days ago

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Retail Sector

UK consumer confidence drops to new low in February

UK consumer confidence slipped to a new low of -37 in February, amid the worsening state of the economy. According to the latest BRC-Opinium Consumer Sentiment Monitor, the economy worsened for the fifth consecutive month, down from -34 in January. The BRC reported that even Gen Z, despite being the most “upbeat” generation saw a drop in optimism, while the gender divide also widened in February with women more pessimistic than men about both th…

3 days ago

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Business Matters

Inflation fears push consumer confidence to 11-month low

Confidence in the state of the economy has slid to its lowest level since last spring, according to the British Retail Consortium (BRC). The trade body’s latest monthly survey — conducted among 2,000 UK adults — shows consumer confidence tumbling to a net balance of -37, down three points from January and marking an 11-month low. The report follows fresh data revealing that inflation rose to 3 per cent in January, unexpectedly propelled by highe…

3 days ago

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