UK Consumer Confidence Plummets Amid Budget Concerns

New survey reveals significant drop in economic outlook, particularly among older generations, ahead of October's budget.

UK consumer confidence has fallen sharply in September, with the British Retail Consortium's measure dropping to -21 from -8 in August.
Older generations are particularly affected, likely due to cuts in winter fuel payments for pensioners.
Concerns over potential tax rises in the upcoming October budget are contributing to the negative sentiment.
Despite the gloomy outlook, expectations for future retail spending have not yet been severely impacted, though personal savings are expected to decrease.
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