Economics
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.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
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.