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Updated · Bloomberg · Jul 24
UK Consumer Confidence Jumps 6 Points to Minus 17 as World Cup and Aid Pledge Lift Mood 3 articles · Updated · Bloomberg · Jul 24 Summary
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GfK ’s UK consumer-confidence gauge rose 6 points to minus 17 in July, its biggest monthly gain since November 2023.The rebound returned sentiment to January levels, reversing the hit from the Iran war that had driven fuel prices sharply higher.
The World Cup and Prime Minister Andy Burnham ’s pledge to help with living costs helped lift households’ mood.
The survey suggests Britons are moving past the recent energy shock, though confidence remains below zero.
Insights Britain’s confidence index jumped, but with savings falling and younger adults turning gloomier, is this a real recovery or just a temporary mood boost?
If confidence is back to pre-conflict levels, why do recent GfK and ONS data still show widespread financial pressure across the UK?
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