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UK consumer confidence tumbles ahead of Healey’s budget, GfK reports

GfK said rising inflation and weaker household finances drove the drop, with consumers’ inflation expectations reaching a nearly 3-1/2-year high.

Summary by WTVB
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 ...

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Inflation and energy costs are dampening consumer optimism.

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GfK’s consumer confidence index fell 11 points to -24 in October. The index reached its lowest level since April and was below all forecasts of economists surveyed by Reuters. The index, which was -13 in September, is at its lowest level since August 2024...

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GfK's consumer confidence in the UK was minus 24 in October compared to minus 13 the previous month.

UK consumer sentiment plunged in October as rising fuel prices exposed the extent of the blow to the cost of living... The article UK cost of living hits consumer confidence to nadir – GfK says Brexit-like shock was published in NewsIT.

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WTVB broke the news on Thursday, October 22, 2026.
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