Cost-of-living squeeze hits UK consumer confidence: YouGov/Cebr

·1-min read
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in London

LONDON (Reuters) - British consumer confidence slid to a five-month low in September as households, grappling with rising inflation and shortages of some goods, became much less confident about their finances, a survey showed on Monday.

Pollsters YouGov and consultancy CEBR said their gauge of consumer confidence fell 2.3 points to 110.5, a level last seen in April.

"The past few months of rising prices, bill increases and a fuel crisis brought on by labour shortages have decimated Britons' confidence in their personal finances for the coming year," said Darren Yaxley, director of reputation research at YouGov.

(Reporting by Andy Bruce; Editing by William Schomberg)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting