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UK Consumer Confidence Plummets Amid Rising Living Costs

4/19/2025

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Summary

Story summary

UK consumer confidence decreased by 0.8 points in March, influenced by falling household finances and house prices.
The outlook for household finances saw the most significant decline, dropping by 3.7 points.
61% of Britons expect to reduce spending due to increasing living costs.
Perceptions of job security varied, but business activity indicated signs of improvement.

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Story summary

UK consumer confidence decreased by 0.8 points in March, influenced by falling household finances and house prices.
The outlook for household finances saw the most significant decline, dropping by 3.7 points.
61% of Britons expect to reduce spending due to increasing living costs.
Perceptions of job security varied, but business activity indicated signs of improvement.