Skip to content
Markets
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.

A shopper walks along the Shambles in York, UK.

Photographer: Ian Forsyth/Bloomberg

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

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.