Consumer confidence shows no improvement as it drops to near-historic lows

Bath shopping street

UK consumer confidence dropped again in January and showed little signs of improvement as it reached near-historic lows.

The GfK consumer confidence index decreased three points to -45 in January compared with December as four measures were down and one increased.

The consumer confidence index is at its lowest level since October, when it was -47, and the outlook for the next few months looks bleak due to inflation and the cost-of-living crisis.

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