UK consumer confidence falls six points as ‘reality starts to bite’

Glasgow high street

UK consumer confidence took a dramatic six-point dip after showing steady signs of recovery over the past six months as resilience starts to collapse and reality bites. 

The overall index score for consumer confidence fell by six points to -30 in July, according to the latest GfK Consumer Confidence Index. This comes after it showed steady signs of recovery for the first six months of the year despite “the headwinds of the cost-of-living crisis”.

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