‘Relentless’ cost of living pressures behind collapse in UK consumer confidence

What happened: A UK index measuring how people view their finances and economic prospects fell by its largest monthly amount since the onset of Covid in 2020, with "relentless" cost of living pressures cited as the cause. Key numbers: Largest monthly drop since 2020. Why it matters: The drop points to a sharp deterioration in how households see their own finances and the wider economy, according to the index.

UK consumer confidence collapse linked to relentless cost of living pressures.

UK consumer confidence collapse linked to relentless cost of living pressures. — impact context not separately stored; see What changed.