New research from consumer watchdog Which? reveals that over half of UK consumers (53%) believe the economy will worsen over the next 12 months, with 2.1 million individuals struggling to meet essential payments amidst the ongoing cost of living crisis.
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The latest Consumer Insight Tracker by Which? indicates a notable decline in consumer confidence, marking a net confidence score of -32 for the future of the economy. While 21% expressed optimism about economic improvement, the majority foresee a challenging economic landscape in the coming year.
