Published 09/20/2024 7:56:00 a.m.

Consumer confidence slumps following warnings of 'tough choices' in budget ahead

Consumer confidence has sharply declined, reflecting "not encouraging news" for the UK Government as households wait for the upcoming autumn Budget on October 30, according to GfK.
GfK's Consumer Confidence Index decreased by seven points in September to minus 20, marking the largest month-on-month fall since October 2023.
Expectations for the general economy fell by 12 points to minus 27, while personal finances forecasts dropped nine points to minus three.

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BBC News

Consumer confidence tumbles ahead of Budget

Some economists have linked a drop in consumer confidence to officials' warnings of a painful Budget.

09/20/2024 6:31:00 a.m.·United Kingdom

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The Independent

Consumer confidence falls sharply as households ‘nervously’ await Budget

GfK’s Consumer Confidence Index fell seven points to minus 20, with significant drops in predictions for personal finances and the general economy.

09/19/2024 11:01:00 p.m.·London, United Kingdom

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Evening Standard

Consumer confidence falls sharply as households ‘nervously’ await Budget

GfK’s Consumer Confidence Index fell seven points to minus 20, with significant drops in predictions for personal finances and the general economy.

09/19/2024 11:01:00 p.m.·London, United Kingdom

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Financial Post

UK Consumer Confidence Dives Amid Labour Tax Warnings, GfK Says

UK consumer confidence crashed in September by the most in two-and-a-half years amid dire warnings from the new Labour government about “tough decisions” that need …

09/20/2024 12:41:28 a.m.·Canada

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Sky News UK

Consumer confidence slumps following warnings of 'tough choices' in budget ahead | Business News | Tech, Entertainment, Sport, Fashion, Travel News

A long-running measure of consumer confidence has slumped to levels last seen at the start of the year following warnings of “tough choices” ahead in the looming budget. GfK’s Consumer Confidence Index fell seven points in September to minus 20, with significant drops in predictions for personal finances and the general economy over the coming […]

09/20/2024 7:31:00 a.m.·United Kingdom

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Bloomberg

UK Consumer Confidence Dives Amid Labour Tax Warnings, GfK Says

UK consumer confidence crashed in September by the most in two-and-a-half years amid dire warnings from the new Labour government about “tough decisions” that need to be taken to fix the public finances.

09/19/2024 11:01:00 p.m.·United States

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