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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

UK consumer confidence falls sharply amid fears of ‘painful’ budget

A man holds an empty wallet.
UK consumer confidence has fallen to the lowest level since March. Photograph: Image Source/Rex Features

Consumer confidence in the UK has fallen sharply amid growing concerns over government plans for a “painful” budget, risking a hit to the economic recovery from the cost of living crisis.

The latest barometer of sentiment from the data company GfK found consumer confidence fell to the lowest level since March, wiping out progress made this year to rebuild household morale.

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