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UK Consumer Confidence Languishes at 48-Year low, Survey Finds

  • GfK says Brits are struggling with soaring prices, rate rises
  • Living standards crisis at center of race for Tory leadership
A shopper walks down the clothing aisle inside a supermarket in London.

A shopper walks down the clothing aisle inside a supermarket in London.

Photographer: Chris J. Ratcliffe/Bloomberg

UK consumers remained “severely depressed” this month, according to a survey that highlights the scale of the challenge facing the next prime minister.

Soaring food and fuel prices and rising interest rates kept confidence at a 48-year low, the research carried out by GfK found.