Consumers’ 10% faith dip

CONSUMER confidence fell 10% in the last quarter as the wage crisis deepens.

April to June recorded the biggest slump since the end of 2014, accountancy group Deloitte said.

A poll found people are worried about disposable income and debt. The findings were echoed by data showing a spending dip.

Ian Stewart of Deloitte said: “A squeeze in living standards has dented consumers’ spirits.”

Economists predict figures out tomorrow will show the Consumer Price Index measure of inflation ticked up to 3% in June.