Consumer confidence at 15-year low

Recessionary fears saw consumer confidence sink for the seventh month in a row in March to stand at its lowest level for 15 years, a survey says.

The GfK NOP barometer of UK confidence scored minus 19 this month, down two points from February and the lowest level since February 1993.

Researchers said fears of a recession in the US and a corresponding downturn in the UK, as well as wild swings in the stock market have created the gloomy sentiment.

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