U.K. consumer confidence slumped to its weakest level since the depth of the recession in February 2009 as the government’s budget cuts began in earnest, a report by GfK NOP Ltd. showed.
The index of sentiment fell to minus 31 in April from minus 28 in March, the London-based research group said in an e-mailed statement today. The reading is down from minus 16 a year earlier and each of the five measures that make up the gauge declined on the month. http://www.bloomberg.com/news/2011-04-27/u-k-consumer-confidence-falls-to-lowest-since-2009-recession.html
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