Confidence In Economy ‘Lowest Since Pandemic'

Consumer confidence in the economy has hit its lowest point since the start of the pandemic as households feel the effects of the cost of living crisis, figures suggest.

- Josie Clarke

Just 8 per cent of consumers think the UK economy will improve over the next 12 months, while 78 per cent think it will worsen, according to the Which? Consumer Insight Tracker.

Net confidence in the future UK economy now stands at minus 70, compared with minus 47 in May.

Confidence in future household finances also dropped to minus 40 in June – matching the lowest point of the pandemic in March 2020 – compared with minus 28 in May.