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UK consumer confidence hits new low due to rising food and energy costs, with most cutting back on spending.
UK consumer confidence fell to its lowest level this year as rising grocery and utility costs fueled pessimism, with 81% citing food prices and 77% citing energy bills as major concerns.
Despite 58% still feeling financially secure, 56% reported cutting back on spending—up from 51%—particularly on dining out (40%) and takeaways (34%).
Consumers are adapting by switching products and using loyalty rewards.
Experts link the decline to food inflation and expected energy cost increases, urging the government to restore confidence ahead of the upcoming Budget.
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La confianza de los consumidores del Reino Unido alcanza un nuevo mínimo debido al aumento de los costos de los alimentos y la energía, con la mayoría recortando el gasto.