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Consumer confidence drops to lowest level since 1974
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fnlondon.comBritish consumer confidence fell to a record low in August as cost-of-living pressures and dim economic prospects continued to build.
The consumer confidence barometer compiled by research firm GfK declined to minus 44 in August from minus 41 in July, the lowest level since the survey began in 1974 and below economists’ expectations of consumer confidence remaining unchanged from the previous month.
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