Opinion: Consumer confidence bruised

There was a one per cent dip in confidence over the next 12 months, which fell to minus 54.  Optimism over personal financial situations over the last 12 months was flat at minus four points, while confidence for the next 12 months increased two points.  The major purchase index increased two points to minus 47.  GfK client strategy director Joe Staton said consumer confidence remained “battered and bruised” despite the announcements earlier this month.  Load Error “With unemployment claims rising by the highest rate on record and warnings of a severe recession and possible tax hikes, the damage done by the coronavirus pandemic to the UK economic landscape has been laid bare,” Staton said.  “The lower scores we have registered on the general economic situation reflect this and the government is dampening down expectations of an immediate economic bounce back.