Consumer confidence at near two-year high as World Cup and UK holidaying lift summer spending

AI Summary

UK consumer confidence in July reached its highest level in nearly two years, boosted by the Men's Football World Cup closing stages and increased domestic holidaying. Factors such as a new UK prime minister and a truce in the Middle East also contributed to improved consumer sentiment.

Barclays says survey shows people feel more secure in jobs and have more leeway to spend on non-essentials Business live – latest updates Consumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men’s football World Cup and more people holidaying in the UK lifted summer spending. A truce in the Middle East conflict in June and the arrival of a new prime minister in No 10 also gave a lift to consumers after a long period of heightened uncertainty. Continue reading...