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Shoppers fear for economy

first_img Tags: NULL Shoppers fear for economy Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo CONSUMER confidence has fallen to the lowest level since May 2009, amid rising everyday costs and jitters about the health of the economy. Nationwide’s confidence index fell seven points to 56 today, the third consecutive monthly drop. The number of households who believe their income will be lower in six months’ time is at the highest level since the survey began in 2004. More consumers are delaying big purchases, and more than one in four (28 per cent) believe the economic landscape will be even worse by the end of the year. “This is perhaps largely a product of consumers taking stock of their personal situation following the emergency Budget, although fears over the state of the job market and economy as a whole are still playing a part as the UK continues on its sluggish path to recovery,” said Nationwide’s chief economist Martin Gahbauer. The Bank of England is widely tipped to lower its growth forecasts while raising inflation projections in its quarterly Inflation Report today, confirming to consumers the fragile state of the UK economy. Bank governor Mervyn King has recently warned of a possible slowdown throughout the Eurozone. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Sharecenter_img whatsapp Show Comments ▼ KCS-content Tuesday 10 August 2010 8:58 pm whatsapplast_img read more