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Households Gripped by 'Sense of Unease' Before Key Budget
18 Nov
Summary
- Consumer confidence drops to 4-month low
- Families planning to spend less on Christmas
- 55% of business leaders put plans on hold
As of November 18th, 2025, households in the UK are gripped by a 'sense of unease' ahead of the upcoming Budget, sending consumer confidence to a 4-month low. According to a monthly poll from S&P Global, uncertainty over potential tax changes and the economic outlook are leading to caution about spending.
Separate data from insurer LV= shows that 25% of consumers say they will spend less on Christmas this year as they feel the squeeze of soaring prices and living costs. This indicates that families are adapting to the new economic reality.
Furthermore, a survey from Barclays reveals that business leaders have also turned cautious ahead of the Budget, with 55% saying their plans are on hold amid speculation about what Chancellor Rachel Reeves will announce next week. This suggests a broader sense of uncertainty permeating across households and the business community.
As the UK approaches the autumn Budget, the data paints a picture of intensifying concerns over personal finances and the future economic wellbeing of the nation.
