UK consumer confidence at a six-month low (-20) due to financial concerns and upcoming budget.
UK consumer confidence fell sharply in September, with the GfK Consumer Confidence Index dropping to -20, the lowest in six months. This decline is linked to concerns over personal finances and an upcoming "painful" budget, alongside the withdrawal of winter fuel payments. Expectations for the general economy dropped significantly. Consumers are anxiously awaiting budget decisions on October 30, which could further impact economic conditions.
September 19, 2024
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