Joe Staton News

23.08 / 09:06
UPS Strategy economy UK consumer confidence stalls in August amid growing pessimism over UK economy
In August, the overall score on GfK's Consumer Confidence index remained unchanged from July at -13. The survey done by GfK was conducted among a sample of 2,003 individuals aged above 16 in the UK. Overall, respondents expressed greater confidence in their personal finances for the next 12 months however, with the index going up from +3 in July to +6 on this measure in August. Joe Staton, client strategy director at GfK, noted this was «due to a mortgage friendly interest rate cut at the beginning of august, and hopes of more to come.» UK consumer confidence strengthens in July...
19.07 / 12:06
FIVE Strategy economy UK consumer confidence strengthens in July amid 'paused' view on economy
The overall score grew by one point from -14 in June to -13 in July, according to GfK's Consumer Confidence index. Joe Staton, client strategy director at GfK, said there was only «a subdued one-point improvement in the overall index score in July», mostly as a result of increases in two of the five measures. He noted that the «positive view» on personal finances, in particular, «is encouraging with July's score of -8,» which was two points higher from the month prior and the strongest since January 2022. Cold UK summer dampens consumer spending in June Similarly, the major purc...
26.01 / 14:13
economics UK UK consumer confidence UK consumer confidence hits two-year high as inflation eases
The headline score is the highest since January 2022 and all five measures were up in comparison to December’s figures.
16.12 / 15:18
economics inflation UK Interest rates UK consumer confidence UK consumer confidence hits three-month high but remains negative
The results come against the backdrop of flatlining economic growth, interest rates at a 15-year high and inflation above 4% in October.
24.11 / 08:43
inflation UK Interest rates UK consumer confidence UK consumer confidence rallies in November
While all five components of the index rose throughout November, they all remain in negative territory, and have not recovered from the surge in inflation over the past two years.
25.08 / 13:07
UK Returns UK consumer confidence UK consumer confidence returns to upwards climb in August
Joe Staton, client strategy director GfK, said: 'Although the headline figure remains strongly negative at -25, hopes for our personal financial situation for the coming year are heading back towards positive territory.'

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