Read our Privacy noticeConsumer confidence in the UK economy fell during the last quarter to its lowest point so far this year, according to a survey. KPMG’s latest Consumer Pulse survey of 3,000 UK consumers saw the number of people feeling that the economy is worsening increase from 51% to 62% in the last three months – up from 43% since 2025 began. However, because of a perception that the UK economy is worsening, consumers say they are reducing or deferring spending, the survey found. Of those who agreed that the UK economy was worsening, 56% said they were cutting spending on everyday items, up from 51% last quarter. Linda Ellett, head of consumer, retail and leisure at KPMG UK, said: “Rising food inflation and news of higher energy bills this autumn are two likely factors in the increase in consumer pessimism about the UK economy over the last quarter.