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UK Consumer Confidence Falls Sharply

British consumer confidence experienced its sharpest monthly decline since April 2020 as economic worries and inflation fears mount. The GfK index dropped 11 points to minus 24 in October, creating a challenging backdrop for the upcoming government budget.

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A diesel pump meter with the price of £2.99 per litre is displayed on a pump at a fuel station as prices rise, in London, Britain, October 22, 2026.
Lars Klingbeil, Vice-Chancellor of Germany, John Healey, British Chancellor of the Exchequer, and Jim Chalmers, Treasurer of Australia, interact at the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National Convention Center in Bangkok, Thailand, October 15, 2026.
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