Consumer confidence enjoys meagre boost following mini-budget

Kwasi Kwarteng - chancellor

Consumer confidence was boosted by former chancellor Kwasi Kwarteng’s mini-budget but remains in the doldrums as shoppers grapple with the “new abnormal”.

The GfK Consumer Confidence Index for October found shoppers were initially encouraged by the mini-budget announcement, which included support for winter fuel bills and tax cuts, before the fallout of the plans sparked economic turmoil.

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