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UK Consumer Confidence Plummets Amid Economic Concerns

2/18/2025

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Summary

Story summary

YouGov's January 2025 consumer confidence index decreased from 112.5 to 111.1, a decline of 1.4 points.
Employee perceptions of business activity fell sharply, with retrospective scores at 109.6, the lowest since April 2020.
Eighty percent of Britons have a negative view of the UK economy, despite improved job security and household finances.
Experts caution against potential over-optimism among consumers given ongoing economic concerns.

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Story summary

YouGov's January 2025 consumer confidence index decreased from 112.5 to 111.1, a decline of 1.4 points.
Employee perceptions of business activity fell sharply, with retrospective scores at 109.6, the lowest since April 2020.
Eighty percent of Britons have a negative view of the UK economy, despite improved job security and household finances.
Experts caution against potential over-optimism among consumers given ongoing economic concerns.