RE: MakingWaves20 Feb 2025 08:24
From this morning's Guardian online,
UK consumer confidence sinks to new low
Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.
Confidence among UK consumers has dropped off a cliff since last summer, as people – particularly women – grow more worried about the state of the economy, and their own finances.
A new survey from the British Retail Consortium (BRC) and Opinium has found that the public’s expectations for the economy worsened for a fifth month running in February,
Households are also gloomier about their own personal finances, as they anticipate further price rises in the shops – as retailers pass on higher taxes.
February’s drop in confidence continues a decline that started last July, when the Labour party won the general election – and swiftly began warning about ‘tough choices’ and ‘painful decisions’ to fix the country’s finances.