‘Ripple of fear’ as consumers prepare to pull back on spending

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Source: Getty Images

It follows the dire update from the British Retail Consortium yesterday that consumer confidence had ‘collapsed’ as the war in the Middle East raised the prospect of higher inflation in the coming months

Worries over a renewed spike in inflation are driving “a ripple of fear among consumers”, warned a closely monitored measure of shopper sentiment in the UK this morning.

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