Consumer confidence in jobs security and income growth prospects saw its biggest fall since Q3 2022, dropping by 2.6 percentage points from Q1 to 10.4% in Q2 this year, according to Deloitte’s Consumer Confidence Index. Deloitte consumer insight lead Celine Fenech said:
“Concerns of a slowing labour market have left consumers worried about job security and income growth prospects, while persistent inflation and a high cost of living have negatively impacted sentiment towards personal debt.”
A separate survey on the state of the economy shows confidence is 18.4% lower than this time last year. Meanwhile, Labour is busy rolling the pitch for more tax hikes come autumn. Things can only get worse…
Douglas Alexander – a friend of Starmer’s – was asked on Sky News if the PM will be in post at the next election. He wasn’t so sure himself:
“I think he will. There are no certainties but of course I think he will lead and I think he should because, frankly, on the biggest call in this parliament he’s exercised the right judgment, which is to keep us out of someone else’s war.”