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UK consumer sentiment hits record low as inflation soars – GfK

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Reuters UK

By David Milliken LONDON (Reuters) – British households are feeling “a sense of exasperation” about the surging cost of living which has pushed consumer sentiment to its lowest since at least 1974, according to the country’s longest-running survey of household finances. The GfK consumer sentiment index sank to a record-low -44 in August from July’s reading of -41, which was already the lowest since the survey began. Economists polled by Reuters had forecast a drop to -42. Households’ assessment of their personal finances and the general economic situation declined, both looking back at the pas…

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