Donald Trump’s trade wars have seen confidence in the UK economy plunge to a record low. Consumer expectation for the British economy fell in April from -35 to -48, as per the latest British Retail Consortium (BRC) figures.
Helen Dickinson, the chief executive of the BRC, said: “With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low.
“The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Even with a pause on many of the US tariffs, business and consumer confidence remains fragile.”
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