UK Consumer Confidence Falls Ahead of Budget as Inflation Bites
- British Retail Consortium data shows consumer confidence fell for the third straight month in October, with economic expectations worsening to minus 40 from minus 34 in September.
- Earlier this week, S&P Global found consumer confidence hit a three-year low amid inflation and rate hike fears, with 57% of households expecting higher interest rates to constrain future spending.
- Retailers struggle to limit price rises as the industry now pays 20% more in taxes than two years ago, leaving no room for manoeuvre.
- While personal spending expectations rose to 15 in October as consumers prepare for Christmas, British Retail Consortium chief executive Helen Dickinson noted the persistent cost of living challenge.
- Dickinson added that "Households everywhere will be looking to the Chancellor to tackle the cost of living challenge at next week's Budget." Expectations now hinge on government action.
20 Articles
20 Articles
Consumer confidence in the UK fell 11 points in October to minus 24, according to the GfK index. This is the sharpest monthly decline since July 2016, if the pandemic period is excluded, and reverses the recovery in attitudes reported in the previous three months. All major components of the indicator have deteriorated compared to September. The strongest decline was in the intentions for large purchases, which was 14 points. The index measures …
Bradenton Herald
Centre Daily TimesUK consumer confidence tumbles ahead of Healey's budget, GfK reports
Oct 23 (Reuters) - British consumer confidence has suffered its sharpest month-on-month fall since early in the COVID-19 pandemic as economic worries deepen, according to a survey that created an unwelcome backdrop for finance minister John Healey's budget next week.
Global Consumer Confidence Drops For 12th Straight Week As Divide Between Nations Grows
Global consumer confidence fell for a twelfth consecutive week during the week of October 18, 2026, with the four-week moving average dipping 0.24 points to 94.49. While the loss was the smallest recorded in five weeks, underlying numbers show a sharp split across different economies. The global figure remains 1.3 points above its April 19 […] Global Consumer Confidence Drops For 12th Straight Week As Divide Between Nations Grows
UK consumer confidence tumbles ahead of Healey’s budget, GfK reports
By Andy Bruce Oct 23 (Reuters) - British consumer confidence has suffered its sharpest month-on-month fall since early in the COVID-19 pandemic as economic worries deepen, according to a survey that created an unwelcome backdrop for finance minister ...
Consumer confidence tumbles as firms face ‘tsunami of costs’
John Healey has been urged to tackle the “tsunami of costs” facing firms as consumer confidence tumbled ahead of the crucial Budget next week. Brits’ confidence in the state of the economy worsened from -32 to -40 in October, according to the British Retail Consortium (BRC)’s index, marking the third consecutive month of deteriorating sentiment. [...]
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