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The Independent UK
The Independent UK
National
Ben Chapman

Recession warning as confidence among shoppers falls to lowest since 2008 financial crash

Recession George Dibb Inflation ​​Rishi Sunak Economy
Maureen McLean/Shutterstock

Confidence among shoppers has fallen to its lowest level since the 2008 financial crash as the soaring cost of living prompted a sharp drop-off in spending, new figures show.

The disastrous economic data led analysts to warn that the crisis is at risk of turning into a full-blown recession with prices rising and shoppers tightening their belts.

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