Savage declined a new indication of the faltering of the British economy’s recovery

An economic study revealed the decline in the rates of families saving in Britain in the midst of the rapid increase in food costs and other basic needs.

The GFK Foundation for Economic Studies stated that its index, which monitors the intentions of savings, declined this month by eight points, which is the largest decline this year, while consumers’ confidence in Britain in general declined by two points to a negative 19 (-9 points), after the British became more pessimistic about their special economic conditions and the economic situation in the country, and less desire to spend.
The agency reported that this data is considered unpleasant news of Treasury Rachel Reeves, who hopes to revive the British economy, which depends strongly on the safety of the financial conditions of consumers.
Food industries companies expect grocery enlargement to 6% by the end of the year, and the reason for this was attributed to the taxes imposed by the labor government on employers. (Russia today)