A Fleeting Glimmer of Hope for UK Consumers? The latest consumer confidence survey from GfK reveals a significant bounce in sentiment among UK consumers.
This is driven by the prospect of Andy Burnham becoming prime minister and the excitement generated by England's World Cup run.
At first glance, this seems like a welcome respite from the bleak economic outlook that has characterized much of the past few years. The "Burnham bounce" is a curious phenomenon.