Skip to content

Entrepreneurs Panel

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

Consumers in "cagey" mood as confidence holds steady

Consumers remained in a "cagey" mood about the state of their personal finances and the general economic picture in March, although they felt slightly more confident about making big purchases, according to new research.

The Consumer Confidence Index from GfK remained in negative territory this month at minus six points - unchanged from February.

Three of its five measures remained level, while two saw increases.

Confidence about people's personal finances over the last 12 months increased by one point to plus two, two points lower than this time last year.

The forecast for personal finances over the next 12 months remained steady at three points, six points lower year-on-year.

The measure looking at the general economic situation in the last 12 months was unchanged at minus 21 - down 11 points on March 2016.

Expectations for the economy over the year ahead stayed at minus 20 points; eight points lower.

Nevertheless, the measure looking at confidence about making major purchases picked up one point to plus six. This was five points lower than March 2016.

Joe Staton, head of market dynamics at GfK, said: "Consumers remain cagey about the state of their personal finances and the general economic picture for the UK, especially as wage growth fails to keep pace with the rising costs of living.

"Since the Brexit referendum, household spending has been a big driver of growth, so any slump will dent future economic prospects.

"However, if we carry on shopping, as seen by the uptick in the Major Purchase Index, then forecasts for a post-Trigger/pre-Brexit slowdown could be proved wrong."

  • 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, 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

Reputation is everything when it comes to running a successful business, according to Sacha Lord-Marchionne and Sam Kandel, founders of the Warehouse Project (WHP), a series of club nights featuring DJs from all over the world, which was launched back in 2006.

After travelling the world in a corporate role, Mike Wheeler decided that he had had enough of living out of a suitcase and so got a job running a small family business.

Venue Finder

Newcastle Upon Tyne
Blackheath Village