In November, consumer confidence in the UK unexpectedly increased, indicating a shift in sentiment following the recent budget announcement by the new Labour government.
The key sentiment gauge rose by three points to minus 18, reflecting growing optimism among households regarding their personal finances and the overall economic landscape. This positive change goes against economists' expectations of a slight decline in consumer confidence.
The improved outlook suggests that the budget has reduced uncertainty surrounding tax and spending plans, leading to a more favorable view of the economic situation among UK consumers.