'Ripple of fear' over Iran war hits consumer confidence
A key survey indicates growing doubt among shoppers over prospects for the UK economy in the next year.
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Notable Quotes
"A ripple of fear is spreading."
— Neil Bellamy , Executive
"The decline in GfK consumer confidence in March... is probably the start of a bigger fall and suggests real household spending growth will soften in 2026."
— Ashley Webb , Academic
"With confidence weakening, costs rising due to higher freight and energy costs and spending intentions faltering, the outlook for retailers looks set to be an increasing struggle in the months to come."
— Susannah Streeter , Academic
Key People
Ashley Webb is an economist at Capital Economics providing insights on UK consumer sentiment.
Neil Bellamy is associated with GfK, a research firm that conducts consumer confidence surveys.
Chief investment strategist at Wealth Club discussing tech companies.
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A key survey indicates growing doubt among shoppers over prospects for the UK economy in the next year.
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