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☆ UK consumers remain close to gloomiest on record - GfK
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 21 (Reuters) - Confidence among British consumers remained close to the lowest level on record this month with households facing double-digit inflation, rising interest rates and political chaos, survey showed on Friday. Market research firm GfK's consumer confidence index rose to -47 from -49 in September which was its weakest level since the survey was launched in 1974. They are now facing the likelihood of tax rises and even austerity measures," Joe Staton, client strategy director at GfK, said. "Consumers, like governments, are just as capable of U-turns, and today's economic headwinds indicate a long hard winter," Staton said. Register now for FREE unlimited access to Reuters.com RegisterWriting by William Schomberg, editing by Andy BruceOur Standards: The Thomson Reuters Trust Principles.

☆ UK consumer mood sinks to new depths despite energy bills help
▼ + stars: | 2022-09-22 | by ( Andy Bruce | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterA woman wearing a face mask shops in Cambridge Market Square, amid the coronavirus disease (COVID-19) outbreak, in Cambridge, Britain, January 14, 2022. The consumer confidence index from market research firm GfK fell to -49 in September from -44 in August, worse than all forecasts in a Reuters poll that pointed to an improved reading of -42. Readings of -30 and below have presaged recession on four out of five occasions since the survey started in 1974. Truss announced on Sept. 8 that Britain will cap consumer energy bills for two years and funnel billions to prop up power companies. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Andy Bruce, editing by William JamesOur Standards: The Thomson Reuters Trust Principles.

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