Economics
Job Loss Fears Keep U.K. Consumer Confidence Subdued in August
- GfK index remained unchanged from July in negative territory
- Unemployment crisis looms as wage support is phased out
A pedestrian walks in view of skyscrapers in London, U.K., on July 31, 2020.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
U.K. consumer confidence remained weak in August as the specter of unemployment hung over the British economy.
GfK’s key index of household sentiment, which plunged deep into negative territory after the lockdown imposed earlier this year triggered a record recession, was unchanged from July.