‘Relentless’ cost of living pressures behind collapse in UK consumer confidence

Paul Dales, chief UK economist at the consultancy Capital Economics, said the figures suggested consumer spending and GDP growth could “grind to a halt”.

“Rising fuel and utility prices, higher borrowing costs and the fear of tax rises in the budget are taking a bigger toll on households,” Paul Dales, chief UK economist at Capital Economics, said....

Paul Dales, chief UK economist at Capital Economics, said Britain's economy was "more robust than we thought". He warned that an expected increase in inflation would still "dampen growth", but added...