Consumer Confidence Suffers Steepest Fall Since Mini Budget – Guido Fawkes

Consumer Confidence Suffers Steepest Fall Since Mini Budget

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Consumer confidence in jobs security and income growth prospects saw its biggest fall since Q3 2022, dropping by 2.6 percentage points from Q1 to 10.4% in Q2 this year, according to Deloitte’s Consumer Confidence Index. Deloitte consumer insight lead Celine Fenech said:

“Concerns of a slowing labour market have left consumers worried about job security and income growth prospects, while persistent inflation and a high cost of living have negatively impacted sentiment towards personal debt.” 

A separate survey on the state of the economy shows confidence is 18.4% lower than this time last year. Meanwhile, Labour is busy rolling the pitch for more tax hikes come autumn. Things can only get worse…