Consumer confidence in economy falls

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 was the most common reason to feel that the economy was worsening

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.