Consumer confidence has sharply declined amid growing concerns that Labour's rhetoric is fuelling economic fears, raising the possibility of a downturn in Britain.
Neil Bellamy of GfK attributed the fall in confidence to 'the withdrawal of winter fuel payments and warnings of tough decisions ahead on tax, spending, and welfare.'
Sir Philip Hampton warned that pessimistic political messaging risks stifling the 'animal spirits' needed for economic growth, urging political leadership to foster optimism in innovation.
Sir Martin Sorrell remarked that Labour appears to be 'preparing us for significant tax increases,' contributing to uncertainty and affecting both consumer and business confidence.
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