UK consumer confidence suffers record fall over coronavirus: GfK

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British consumer confidence has recorded its biggest fall in more than 45 years, a survey showed on Monday, as a widening shutdown of the economy to slow the spread of the coronavirus hammered households' financial hopes.

FILE PHOTO: People wearing a face mask pass closed shops near the beach, as the spread of the coronavirus disease continues, Brighton, Britain, April 4, 2020. REUTERS/Peter Cziborra

GfK, which has conducted monthly surveys of British consumer sentiment since 1974, ran an extra poll in late March which showed the weakest sentiment since February 2009. “Our COVID-19 ‘flash report’ shows a dramatic result with consumer confidence falling off the cliff in the last two weeks of March,” GfK client strategy director Joe Staton said.

The biggest decline in the GfK survey came in households’ willingness to make major purchases, despite a spike in demand for freezers, televisions and home office equipment as people prepared to spend most of their time at home.

 

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You can’t even buy food supermarkets are now the police especially Waitrose who have ridiculous rules and no online shopping slots

Lol

Trump: Nobody could have seen that coming!

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