| UK consumer confidence in 'astonishing' fall |
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The confidence of UK consumers in the economy and their finances has suffered its biggest monthly drop in 16 years, a survey has suggested.
Rising VAT was a key factor behind the "astonishing" confidence fall, the GfK NOP Social Research report said. The UK faced a "very painful period", it added. More government austerity measures and the surprise contraction in the economy meant talk of a double dip recession was "unavoidable", the study said. |
