Consumer confidence slumped for the fourth consecutive month according to British Retail Consortium. ‘Working people’ bracing for the budget…
In September, expectations of the economy dropped by 4 points to -36, personal financial situation worsened to -7, and spending overall fell by two points to +14. Inflation remaining at 3.8% – well above the Bank of England’s 2% target – hasn’t helped…
Helen Dickinson of BRC said:
“Confidence among Millennials fell dramatically this month, as their expectations for both the economy and their own finances fell by double digits. Worries about the Budget, combined with the increase in the cost of living, have eroded confidence, with little sign that inflation will come down soon.”
Meanwhile Reeves is staring down a £30 billion black hole as the OBR is expected to slash its growth forecast thanks to her business-bashing budget last year. Winter is coming…
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