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UK Consumer Confidence Falls to Its Lowest Level Since 1970s

  • Reading from GfK adds to evidence the recovery is weakening
  • Sentiment now worse than during financial crisis a decade ago
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WATCH: UK consumer confidence declined by 2 points to minus 40, the least since records began in 1974.Source: Bloomberg
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UK consumer confidence fell to its lowest level in at least 48 years after a surge in the cost-of-living left people more gloomy than at the depths of the 1970s energy crisis and during the recession more than a decade ago.