UK Financial activity survey at record low

Faced with shrinking disposable income as a result of a rising tax burden on slowly rising wages, increasing interest rates, strong inflation and high utility bills, consumers recorded their lowest level of expected savings, investment and borrowing activity in December since the quarterly survey, commissioned by JGFR from GfK NOP, began in March 2002.The FAB Financial Activity Index* fell to 93.2 from 99.7 in September. A year ago the headline measure was at a record high of 106.5.

activity , survey