Page last updated at 06:19 GMT, Monday, 30 June 2008 07:19 UK

UK confidence 'near all-time low'

A wallet containing pound coins
Rising prices have been blamed for falling confidence

Confidence among UK consumers in June was only one point above its lowest recorded level, according to the polling company GfK NOP.

Its UK consumer confidence index came in at -34, which was five points below May's figure and near the -35 recorded in March 1990 during a recession.

Rising food, fuel and energy prices were blamed, along with a gloomy outlook for interest rates.

The figure was 31 points below the reading for June 2007.

"With rising inflation, gloomy forecasts for interest rates and soaring fuel, utility and food prices dominating the front page headlines, it's no surprise that confidence in the general economy is almost in freefall," said Rachael Joy from GfK NOP, which conducted the research for the European Commission.

"It seems unlikely that this trend will reverse in the near future," she added.

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2019 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific