VAT hike and inflation see consumer morale tumble

first_img CONSUMER confidence fell to just six points above its all time low, according to a Nationwide index released today.After rising to 54 in December, the index dropped to 47 last month, weighed down by a collapse in spending confidence that was mainly caused by the VAT rise and inflation, Nationwide said.The survey’s spending index plummeted by 20 points, to its lowest level (70) since November 2008.Meanwhile the expectations index, which measures confidence over the next six months, dropped by 10 points.“Less than one in five consumers believe things will improve over the next six months,” said Nationwide’s chief economist Robert Gardner. Show Comments ▼ whatsapp KCS-content whatsapp Tags: NULL Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap Share Tuesday 15 February 2011 8:00 pm VAT hike and inflation see consumer morale tumble last_img

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