Economics
U.K. Confidence Drops Most on Record as Lockdown Bites
- GfK holds flash survey to capture impact of virus restrictions
- Measure is close to the nadir seen during the financial crisis
Customers use social distancing markers as they stand in line to enter a Tesco supermarket in London, April 4
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
U.K. consumer confidence saw the sharpest plunge on record as Britons adjusted to the reality of the coronavirus lockdown.
GfK said its measure of sentiment dropped 25 points to -34 between the middle of March and the end of the month, close to the nadir seen during the financial crisis more than a decade ago.