Economics
UK Consumer Confidence Hits Record Low as Recession Risks Mount
- GfK’s measure drops to lowest level in 48-year history
- Strikes and soaring prices after pandemic weigh on the mood
A shopper walks along the Shambles in York, UK.
Photographer: Ian Forsyth/BloombergThis article is for subscribers only.
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UK consumer confidence dropped to a record low as surging prices, a squeeze on incomes and disruption from strikes took a toll on the national mood.