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UK Consumer Confidence Lingered Near Historic Lows in October

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The cost-of-living crisis and an ailing UK economy kept consumer confidence at near historic lows in October, spelling trouble for businesses already suffering from weakening demand. 

GfK Ltd.’s  measure of sentiment rose 2 points to minus 47 on October, near the lowest level since records started in 1974. Readings on the outlook for household finances and the health of the UK economy remain historically weak.