Consumer confidence in UK economy falls to lowest level in two years
The figures show that consumer confidence has fallen to the future England economy.
Which? The figures showed a “significant decrease ına to some of the lowest levels seen since the beginning of 2023, where the cost of life is in headlines and inflation is in double numbers.
Trust in the future economy fell sharply in the autumn, and it was particularly low between February and May, when global events, such as the US Tariff Policy, contributed to pessimism.
Since then, trust had healed a little, but it was less than 12 months.
Trust, between May and July 2024, from the average of nine to May and July this year, an average of 40 minus 40 points fell, which?
On average, between this May and July, 56 percent of the people thought that the economy would worse and only 16 percent would be better.
Pensioners have been the most pessimistic group, their confidence in the future England economy has decreased to the average of five minus 63 between last year and July last year.
The confidence of the retirees was low in autumn-retired last year, shortly after the announcement of winter fuel allowance for retirement-and the government was low despite the U-return of fuel payments.
Which figures show that financial difficulties have not yet returned to previous levels from the height of the cost of life costs.
Until July 18, he missed at least one basic payment such as estimated 2.1 million household rent or mortgage payments, public bills, credit card or credit payments.
Estimated 13.9 million households (49 percent), last month, invoices, housing costs, grocery stores, school supplies and drugs, such as basic expenditures, such as at least one adaptation – cuts, savings, sell goods or borrowing.
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Rocio Concha, which? “Our research shows the confidence of the consumer in the future of the UK economy.
“The government rightly focused on enlarging the economy and raising the standards of living, but in doing so, it should not ignore the importance of consumer protection in gaining trust.
“People have to scattering scammers while shopping online, watching bandits traders while making home improvements, and paying attention to dangerous pricing practices, which means that the bids are not as good as they first appeared.
“The right consumer guards give people the confidence to spend and the government should place these guards at the center of their plans to enlarge the economy.”
