The figures suggest that consumer confidence in the future economy of the United Kingdom has collapsed during the last year.
Trust has fallen into 31 points in the last year, from an average of less than nine and July 2024 to an average of less 40 between May and July of this year, what shows the monitoring of the consumer consumer?
On average, between this May and July, 56% of people thought the economy would get worse and only 16% thought it would improve.
Which? Said the figures showed a “significant fall” to some of the lowest levels observed since the beginning of 2023, when the crisis of the cost of living was in the headlines and inflation was in double figures.
The confidence in the future economy decreased abruptly past autumn and was particularly low between February and May, when global events such as the tariff policy of the United States contributed to pessimism.
Trust had recovered a little since then, but remained considerably lower than 12 months ago.
The pensioners have been the most pessimistic group, with their confidence in the future economy of the United Kingdom dramatically falling from an average of minus five between May and July of last year to a current average of less 63.
The confidence of pensioners decreased dramatically in the fall of last year, shortly after the first announcement of the government to discard the winter allocation for most pensioners, and has remained low since then, despite the change of U Government in fuel payments.
What are the figures of?
In the month until July 18, it is estimated that 2.1 million homes lost at least one essential payment, such as rental payments or mortgages, public service invoices, credit card or loan payments.
It is estimated that 13.9 million households (49%) also made at least one adjustment to cover the essential spending, such as public service invoices, housing costs, edible, school supplies and medications in the last month, such as reducing the essential elements, immersing themselves in savings, selling possessions or loans.
Rocio Concha, which one? The director of Politics and Defense said: “Our research shows consumer confidence in the future of the United Kingdom economy, has decreased alarmingly during the last year.
“The government has focused correctly on growing the economy and increasing the standard of living, but in doing so, it should not ignore the importance of consumer protections to restore trust.
“People are sick with teeth of having to dodge scammers when buying online, observing dishonest merchants when making improvements at home and need to be attentive to doubtful price fixing practices, which means that offers are not as good as they appear for the first time.
“The correct consumer protections provide people to spend and the government must place these protections in the hearts of their plans to grow the economy.”
