Consumer confidence in the UK claws back after improvement in Q4

Close to September's record low

Consumer confidence in the UK fell close to its record low in January after improving in the last quarter of 2022, GfK’s Consumer Confidence index shows.

The index, which measures how people view their personal finances and wider economic prospects, slipped to -24 in January, three points down from December. After confidence hit a record low of -49 in September 2022, levels had been gradually increasing, with two months of consecutive gains in November and December.  Joe Staton, client strategy director, GfK said: "With inflation continuing to swallow up pay rises, and the prospect of some shocking energy bills landing soon, the forecast for consumer confidence this year is not looking good. "One thing we can be sure of is that 2023...