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General update
Thanks to Colin Trend for spotting the headline that “UK consumer confidence falls to lowest level since 1974”. The headline UK consumer confidence index, a measure of how people view their personal finances and the wider economic outlook, dropped by 2% to -40 in May 2022, surpassing the previous record low of -39 set in July 2008 when the global banking system was imploding.
Link: https://www.theguardian.com/business/2022/may/20/uk-consumer-confidence-falls-to-lowest-level-since-1974
This comes as inflation rose to 9%… Read more