-
U.K. consumer confidence improves as inflation cools further
Confidence among U.K. consumers rose a little in May, with easing inflation and the expectation of falling Bank of England interest rates set to boost Britons' spending power. Research group GfK's consumer-confidence barometer climbed for a second straight month to minus-17 in May, from minus-19 in April, in line with economists' expectations in a Wall Street Journal poll. The news comes after Prime Minister Rishi Sunak on Wednesday called a general election for July 4, citing the recent economic recovery in recent months as a major factor in his campaign for reelection. The U.K. economy grew 0.6% in the first ... (full story)