19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 4 hours ago
- Bias Distribution
- 100% Left
In September 2024, UK consumer confidence plummeted to -20, a significant seven-point drop from August's -13, marking a six-month low. This decline reflects growing anxiety among households due to the government's withdrawal of winter fuel payments and warnings of upcoming 'painful' budget measures. All indices measuring consumer sentiment saw reductions, with notable decreases in confidence regarding personal finances and the general economic outlook. Neil Bellamy from GfK highlighted that this drop in confidence is concerning for the government as it could hinder economic growth and consumer spending. As consumers await the budget announcement on October 30, there is widespread speculation about potential tax increases and further cuts, exacerbating worries about personal financial situations. The sentiment shift raises questions about whether this is simply a correction from previous optimism or a sign of deeper economic troubles ahead.
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 4 hours ago
- Bias Distribution
- 100% Left
19Negative
Serious
Neutral
Optimistic
Positive
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