UK Household Confidence Plunges to Lowest Under Starmer
The data suggests people will tighten their belts even more in response to a spike in inflation caused by the war.
Photographer: Chris Ratcliffe/BloombergThe threat of surging inflation has knocked UK consumer confidence to the lowest level recorded under Keir Starmer’s Labour government.
The British Retail Consortium said Thursday that its measure of expectations for the economy over the next three months plunged to minus 53 in March from minus 30 previously — the worst reading since the tracker began in March 2024.