Overview

• Deloitte’s consumer confidence index dropped 2.6 points to 10.4 in Q2 2025, marking its sharpest quarterly decline since late 2022.
• UK unemployment climbed to 4.7% in the three months to May, its highest level since 2021, as inflation accelerated to 3.6% in June.
• Deloitte’s June 13–16 survey of 3,200 households highlighted job security and income growth concerns as key factors behind the downturn.
• Businesses cited higher employment taxes, an April minimum wage increase and tougher dismissal rules for their reluctance to hire.
• GfK’s monthly sentiment gauge diverged by hitting its strongest reading since December, underscoring mixed signals on consumer morale.