UK consumer confidence falls at fastest rate since Covid as cost of living bites
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…
The Guardian reports: 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.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include UK, Covid and Middle East.
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Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- UK, Covid, Middle East, Consumer
- Section
- Business
- Figure cited
- 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. (The Guardian)
Sources
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