Consumer confidence sees six-point ‘Burnham bounce’

UK consumer confidence has risen by six points, creating a ‘Burnham bounce’. GfK reports that the appointment of the new prime minister provided a ‘sense of a fresh start’, contributing to this increase. The survey, conducted in early July, indicates that sunny weather and football also pushed confidence higher. These results were recorded before the latest escalation in the US-Iran conflict, reflecting a temporary positive shift in public sentiment regarding the national economic outlook.