UK consumer confidence in astonishing fall

31 January 2011

The confidence of UK consumers in the economy and their finances has suffered its biggest monthly drop in 16 years, a survey has suggested. Rising VAT was a key factor behind the "astonishing" confidence fall, the GfK NOP Social Research report said. The UK faced a "very painful period", it added. More government austerity measures…

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Tags: Consumer confidence, Money Matters

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