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UK household financial confidence at lowest levels in at least 10 years - YouGov/Cebr

Published 03/09/2022, 06:48 AM
Updated 03/09/2022, 07:11 AM
© Reuters. FILE PHOTO: A volunteer at the North Enfield Foodbank Charity packs a bag of groceries and other household items for distribution in Enfield as the spread of coronavirus disease (COVID-19) continues in London, Britain March 24, 2020. REUTERS/John Sibley

LONDON (Reuters) - Measures of household finances in Britain were at their lowest levels in records going back 10 years as a cost-of-living squeeze tightened, polling firm YouGov and consultancy Cebr said on Wednesday.

YouGov's broader headline confidence index fell more than two points to 106.6, barely above its level in February last year when Britain was still reeling from its coronavirus lockdowns.

© Reuters. FILE PHOTO: People shop at a supermarket in London, Britain December 24, 2021. REUTERS/Kevin Coombs

"The cost of living crisis is having a serious impact on consumer confidence," Darren Yaxley, head of reputation research at YouGov, said.

"However, other measures give more cause for optimism – with both homeowner scores increasing for the fourth month in a row and job security metrics improving following two months of decline."

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