Budget 2026: Consumer confidence tumbles as Healey urged to slow ‘tsunami of costs’

Consumer confidence in the UK economy has declined for the third consecutive month, falling from -32 to -40 in October according to the BRC index. This downturn occurs ahead of next week's Budget. Consequently, John Healey has been urged to address the tsunami of costs currently impacting firms. The British Retail Consortium reports that sentiment continues to deteriorate as businesses and consumers face significant financial pressures while awaiting the government's upcoming fiscal announcements and economic strategy.