Rolling coverage of the latest economic and financial news
UK consumer confidence has fallen this month, as households grow gloomier about their financial prospects.
The latest poll of consumer sentiment, just released by data firm S&P Global, shows that households reported that their current finances continued to deteriorate in November, while pessimism about the financial outlooks for the year ahead has risen.
“November is seeing households grow somewhat gloomier again, failing to build on the underlying improvement seen in the months leading up to the General Election.
Consumer confidence has fallen back since spiking higher in July amid the election buzz, as ongoing pressure on household finances has resulted in squeezed spending, higher debt and lower savings. Continue reading…
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