The Guardian Australia – Business
·business
·4 hours ago
UK consumer confidence hits record low as inflation fears mount
The UK economy faces rising prices amid plummeting consumer confidence due to the Iran war. Consumer confidence dropped to -25 in April, its lowest since October 2023, as over a quarter of firms anticipate price increases. Economists warn that inflation may surge, forcing the Bank of England to consider interest rate hikes amidst escalating economic uncertainty.
Summary by Glance · The Guardian Australia – Business
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