UK Consumer Confidence Declines Amid Inflation and Tariff Concerns

The UK’s consumer confidence index fell by four points to -23 in April 2025, according to GfK’s Consumer Confidence Barometer. This decline reflects growing concerns over rising inflation and the potential impact of new tariffs. Notably, the perception of the general economic situation over the next 12 months dropped by eight points to -37. ​

The decrease in confidence is attributed to recent cost increases and fears of a new round of high inflation, potentially exacerbated by impending tariffs.