UK Consumer Confidence Plunges to Four-Month Low Amid Iran War

UK consumer sentiment has dropped sharply since war broke out in the Middle East, according to a new survey, as the global consequences of the conflict start to take their toll on economies such as Britain’s.

An index tracking confidence in the UK fell to a four-month low in March, reversing gains made at the start of the year, Barclays said Tuesday. Researchers interviewed around 2,000 consumers between March 3-6, days after the US and Israel launched their attack on Iran, roiling markets and sending oil prices above $100 a barrel for the first time since 2022.