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UK consumer confidence hits new low as economic outlook dims, retailers brace for cost increases.
UK consumer expectations for the economy have hit a new low, with the British Retail Consortium's (BRC) consumer sentiment index dropping to minus 34 in January from minus 27 in December.
This decline is partly attributed to the end of the festive spending period and is most pronounced among older generations.
Additionally, the BRC warns that retailers face an extra £7 billion in costs, potentially leading to price hikes and job cuts.
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La confianza de los consumidores del Reino Unido alcanza un nuevo nivel bajo a medida que disminuyen las perspectivas económicas, y los minoristas se preparan para aumentar los costes.