10/30 UK consumer confidence declines to -21 due to tax increase fears in the autumn Budget.

UK consumer confidence has declined to -21, the lowest since March, amid fears of upcoming tax increases in the autumn Budget scheduled for October 30. A GfK survey reveals rising pessimism about the economy, despite a slight improvement in personal financial outlooks. Concerns about the government's fiscal plans, including potential £40 billion in tax hikes, contribute to this despondent mood, impacting consumer sentiment and spending behavior.

October 24, 2024
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