“U.K. consumer confidence fell to the lowest level since at least 2004 (when the survey began) in May as increases in living costs added to gloom about the economy, Nationwide Building Society said.”
“‘Consumers are starting to feel the pinch’, Fionnuala Earley, Nationwide’s chief economist, said in an interview on Bloomberg Television. ‘The housing market isn’t getting any better at the moment, and we also know there’s been a squeeze on their income. Their willingness to spend and their ability to spend at the moment isn’t very high.”’ – Bloomberg
U.K. Consumer Confidence falls to the lowest level since 2004