uk iconUK

 

 

 

Consumer confidence survey casts doubt on V-shaped recovery

Fears of rising redundancies and concerns about the health risks of high street shopping have hit consumer confidence, according to a closely watched survey that flatlined last month.

Consumer confidence survey casts doubt on V-shaped recovery
smsfadviser logo

The GfK barometer for July showed confidence petering out, despite rising in May and June. It came as a senior Bank of England policymaker warned Britain’s recovery from the Covid-19 pandemic would be hampered while concerns about catching the virus and fears of redundancy limited spending.

Read more at the Guardian

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox