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Consumers are nervously awaiting the budget, reports data provider GfK, wiping out recent recovery in confidenceVeteran retailer Justin King agrees that budget fears are responsible for the plunge in consumer confidence this month.King, the former CEO of Sainsbury’s, told Radio 4’s Today programme:“I think it probably is, actually.The trend line [in consumer confidence’ has been positive for a while.It felt like things were getting a little better, but obviously we’ve had this backdrop of bad news.I think they’d argue it’s a step backwards before the step forward they intend to take.“The new Labour government has created a great deal of uncertainty among investors and that’s harming our economy.” Continue reading…
Consumers are nervously awaiting the budget, reports data provider GfK, wiping out recent recovery in confidence
Veteran retailer Justin King agrees that budget fears are responsible for the plunge in consumer confidence this month.
King, the former CEO of Sainsbury’s, told Radio 4’s Today programme:
“I think it probably is, actually.
The trend line [in consumer confidence’ has been positive for a while.
It felt like things were getting a little better, but obviously we’ve had this backdrop of bad news.
I think they’d argue it’s a step backwards before the step forward they intend to take.
“The new Labour government has created a great deal of uncertainty among investors and that’s harming our economy.”
