Confidence in the UK economy is dropping

CONSUMER confidence in the UK economy fell during the last quarter to its lowest point so far this year, according to a survey.

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The cost of groceries is going up

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KPMG's latest Consumer Pulse survey of 3,000 UK consumers saw the number of people feeling that the economy is worsening increase from 51% to 62% in the last three months - up from 43% since 2025 began.

The majority of consumers (58%) continue to feel financially secure, with no change since the last quarter.

However, because of a perception that the UK economy is worsening, consumers say they are reducing or deferring spending, the survey found.