UK consumer confidence dips to lowest level since 2023 amid tariff concerns

"Consumer confidence in the UK has taken a dramatic turn downward, plunging to its lowest level in over a year. GfK data reveals a sharp decline, now at -23, as rising taxes, utility bills, and economic uncertainty weigh on public sentiment. With five consecutive monthly contractions in economic output and fears of Trump's tariffs disrupting global supply chains, concerns about inflationary pressures loom large, signaling slower growth and potential rises in prices."