Summary
Consumers' confidence in spending fell at its fastest rate on record during January following the Government's VAT hike.
Nationwide's spending index dived by 20 points during the month to stand at 70, the lowest level since November 2008 when the UK was in recession, and the steepest drop recorded since the study began in 2004.See the full content of this document
Extract
In Brief ...
Just over half of people thought it was a bad time to make a major purchase, while 22 per cent also thought it was a bad time to buy household ...
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