Published by Michele Maatouk on 25th March 2025
(Sharecast News) - Consumers are cutting back spending on everyday items amid falling confidence in the UK economy before Rachel Reeves's spring statement, according to a survey. As the chancellor prepares to confirm billions of pounds in cuts to welfare and government spending on Wednesday, the research by KPMG showed growing numbers of people in Britain believed the economy was heading in the wrong direction. - Guardian