UK consumer confidence hits five-year high: PwC says start Christmas early

UK consumer confidence five-year high: Christmas gifts on a shop display table

PwC’s Consumer Sentiment Index turned positive for the first time since 2021, rising to +1 in August from -13 in April, with 14% of shoppers already buying for Christmas. The firm warns the cheer will fade with autumn food and fuel inflation and the 28 October Budget, and tells retailers to launch Christmas now.