Indicators
UK Consumer Confidence Ticks Up in ‘Sigh of Relief’ After Truss
Confidence is well below levels of a year ago, reflecting a jump in food and energy prices that’s squeezing living standards.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
UK consumer confidence ticked higher for a second month after Prime Minister Rishi Sunak worked to stabilize the economy following the disastrous and short tenure of his predecessor, Liz Truss.
The market research firm GfK Ltd. said its measure of sentiment rose three points to minus 44 in November, leaving it near the record low of minus 49 recorded in September when Truss’s plan to slash taxes triggered panic in financial markets.