UK consumer confidence falls sharply ahead of Autumn Budget

Lowest level since March

UK consumer confidence fell sharply in September, as households brace for Chancellor Rachel Reeves' Autumn Budget next month.

The GfK Consumer Confidence index fell -20 in September, down from -13 in August, the lowest level since March 2024. The greatest decline came from concerns regarding the general economic situation over the next 12 months, with the index falling by 12 points from -15 in August to -27 in September. Similarly, the major purchase section recorded a large decline, with a ten-point fall from -13 to -23 . The savings section, which is not used in the overall score of the index by GfK, also marked a ten-point decline to 23 this month, down from 33 in August. UK consumer confidence stalls ...