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UK Consumer Confidence Surges
World Economy

UK Consumer Confidence Surges

British consumer morale surged to its highest in over 15 years this month as shoppers said they were ready to spend, a survey showed on Tuesday, adding to signs that growth is picking up after a weak start to the year, Reuters reported. British household spending, the main driver of the country’s robust economic recovery, was weak at the start of the year. But a pick-up in wage growth and the lowest inflation in fifty years have boosted disposable income in recent months. Market research company GfK said British consumers’ mood was now the most buoyant since January 2000, after its monthly sentiment index jumped to +7 in June from May’s +1, the biggest rise in a year.

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