UK consumer confidence tumbles as households fear ‘painful’ budget; UK debt hits 100% of GDP – business live
Consumers are nervously awaiting the budget, reports data provider GfK, wiping out recent recovery in confidence.   08:19 Darren Jones, the Chief Secretary to the Treasury, says the government is taking “tough decisions” to fix the public finances.
Painful budget warning spooks people's confidence
The longest-running measure of consumer confidence fell sharply in September, raising concerns about whether government rhetoric about Budget "pain" has spooked people. GfK's Consumer Confidence Index had been recovering after years of rolling crises, higher interest rates and inflation gradually creeping up.
Consumer confidence slumps following warnings of 'tough choices' in budget ahead
The findings of the GfK survey chime with official retail sales figures also released on Friday which showed sales growth was limited to supermarkets and clothing retailers offering end of summer sales.
UK consumer confidence tumbles in anticipation of ‘painful’ Budget
Starmer insists he is setting out reality of ‘badly damaged economy’ as GfK survey shows sharp fall in household morale
Consumer confidence falls as households nervously await 'painful' Autumn 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 year
Labour gloom sees consumer confidence plummet ahead of 'painful' Autumn Budget
The last time the consumer confidence index declined so steeply was in April 2022, in the wake of Russia's invasion of Ukraine.
FirstFT: UK consumer confidence falls sharply in September
But first, we turn to the UK, where consumer confidence has fallen sharply as households anticipate what Sir Keir Starmer has warned will be a “painful” Budget. The GfK consumer confidence index — a measure of how people view their personal finances and broader economic prospects — fell seven points to minus 20,
Consumer confidence sinks as Brits ‘nervously await’ Budget
Key future indicators of consumer confidence all sharply fell in September as Brits nervously awaited policy announcements in the Autumn Budget, according to fresh data. GfK’s long-running consumer confidence index fell sharply to -20 in September overall,
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