UK consumer confidence plummets to record low in September

Down five points to -49

UK consumer confidence has fallen to the lowest since records began in 1974, defying expectations of an improvement.

The consumer confidence index dropped five points to -49 this month, according to research group GfK. Economists polled by Reuters had predicted a small rise to -42 this month, after the announcement of the £150bn energy package announced by the government. Mini Budget 22: Treasury warned that spending support could 'dent long-term financial resilience' The index, which makes interviews in the first two weeks of each month, saw record low scores in four of five of the questions asked. The largest falls were in personal finances over the next year, which was down 9 points, and co...