Skip to content

Entrepreneurs Panel

Jennie Johnson
David Pollock
Tony Caldeira
Debbie Pierce
Brian Hay
Laura Tenison
Charlie Mullins
Michael Oliver
Jeremy Roberts
Steve Purdham
Julie Meyer
Richard O'Sullivan

Consumer confidence slips in October

Consumer confidence declined in October, with one analyst saying the optimism seem earlier in the year has "completely run out of steam".

The UK Consumer Confidence Index from market research company GfK dropped by one point to minus two this month.

Three of the five measures used to calculate the score - confidence about the general economic situation over the last 12 months, the outlook for the next 12 months and the major purchases index - all decreased in October.

However, confidence about personal finances over the last 12 months edged up by one point, while sub-index for the next 12 months increased by three points.

Nick Moon, managing director of social research at GfK, said: "This is now the seventh month in a row that the index has stood within two points either way of minus one, and the almost constant improvement that saw the index rise 28 points between April 2013 and June 2014 seems to have run completely out of steam.

"This is not, of course, to say that it will not start to rise again soon, but the opportunities for it to do so before we get seriously into the general election campaign are fast running out. It is likely that people will have to start feeling personally better off if the index is to get solidly into positive territory."

  • Kathryn Parsons, co-founder of Decoded, started with little more than faith and determination, but four years later it’s grown into a global business. Ahead of her appearance at Accelerate 2015 in...

  • Author, writer and marketer Ryan Holiday on how entrepreneurs need to interpret failure.

  • Sue Vizard, business coach and author of Jump Start: The Start-up Book for Your Dream Business, looks at some of the questions solo entrepreneurs should ask themselves.

  • Ian Wright, founder and chief executive of NonExecutiveDirectors.com, is bringing together SMEs and NEDs - without the hefty recruitment fees.

  • Former professional golfer turned entrepreneur Colin Stevens has had a busy 18 months. The Better Bathrooms founder has increased turnover at the firm, secured a multi-million pound investment and...

Five Minutes With

David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.

It took Richard Shonn, managing director of 151 Products, three years to find a warehouse big enough for his requirements.