UK Consumer Confidence Slides as Inflation Worry Mounts: Bank of America

UK Consumer Confidence Slides as Inflation Worry Mounts: Bank of America
Shoppers cross the road in Oxford Street, in London, Britain, on Aug. 14, 2016. Peter Nicholls/Reuters
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LONDON—British consumer morale has fallen to its lowest since February, when the country was under heavy COVID-19 restrictions, due to worries about the economic outlook and about rising prices, a Bank of America report showed on Friday.

The survey chimed with other gauges of consumer confidence in Britain that have suggested a growing cost-of-living squeeze has started to drag on the economy’s recovery from the COVID-19 pandemic.