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U.K. Consumer Confidence Falls Amid Sense of Crisis on Inflation
U.K. consumer confidence plummeted for a fourth month to its lowest since November 2020 as concerns about the surging cost of living and war in Ukraine weighed on sentiment.U.K. consumer confidence plummeted for a fourth month to its lowest since November 2020 as concerns about the surging cost of living and war in Ukraine weighed on sentiment. GfK’s monthly consumer confidence index, which is closely followed by the Bank of England and the Treasury, dropped 5 points in March to minus 31. That matched a level last hit when coronavirus cases were rising. “There is an unmistakable sense of crisis in our numbers,” ... (full story)