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UK household financial confidence at lowest levels in at least 10 years

by Mike Robinson

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© Reuters. FILE PHOTO – A North Enfield Foodbank Charity volunteer packs groceries and household goods for distribution in Enfield, as coronavirus (COVID-19), continues to spread in London. REUTERS/John Sibley

LONDON (Reuters – The UK’s household finance measures were down 10 years ago due to a squeeze on living costs, according to YouGov and Cebr polling firms.

YouGov’s headline confidence index fell by more than 2 points, to 106.6. It was barely higher than its level last February when Britain was still suffering from coronavirus lockdowns.

According to YouGov’s head of reputation research, Darren Yaxley: “The cost-of-living crisis has a significant impact on consumer confidence.”

“However, other measures give more cause for optimism – with both homeowner scores increasing for the fourth month in a row and job security metrics improving following two months of decline.”

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