UK Consumer Spending Plummets Amid Lockdown
In April, consumer spending plummeted by 36.5% year-on-year due to reduced fuel spend and non-essential purchases, but supermarkets saw...
UK economy
UK Economy Contracts 2% Amid Pandemic: Retail Suffers Worst Decline Since 1995
In a stunning revelation by the Office for National Statistics, the UK's economy contracted by 2% in the three...
UK Economy Predicted to Recover in 2023 Amid Pandemic Struggles
In a new report by EY Item Club, the UK's economy may not return to normal until 2023 due...
UK Consumer Confidence Holds Steady Amid Economic Challenges
In a recent report, GfK's Consumer Confidence Index remains at -34 for April, just five points away from its...
UK Economy Projected to Shrink by 35% in Q2 Due to Covid-19 Impact
In a shocking revelation, the UK's economy is projected to shrink by up to 35% in Q2 due to...
UK Consumer Confidence Dips Amidst Coronavirus Concerns
UK consumer confidence drops two points to -9, reveals GfK's latest figures. In March, one measure increased, three measures...
UK Economy Faces Deepest Recession Since Financial Crisis with 15% Q2 GDP Contraction
The UK economy is set to experience its deepest recession since the financial crisis, with a predicted 15% contraction...
UK Economy Contracts 2.6% Amid Covid-19 Pandemic, KPMG Predicts Recovery in 2021
In KPMG UK's latest Economic Outlook, the Covid-19 virus is predicted to cause the UK economy to contract by...
UK Consumer Confidence Rises Amid Economic Improvements
Consumer confidence rises two points to -7 in February, reports GfK's Consumer Confidence Index. Personal finance expectations for the...
Brexit Uncertainty Dents Consumer Confidence in Q3
In Q3 2019, Deloitte's consumer confidence index dropped to -9%, a two-point decline from the previous quarter and a...