Consumer confidence slumps to its lowest level since summer

Market researcher Gfk says its November survey reflects concerns over economy despite boost to disposable incomes

Consumers confidence slumped last month to its lowest level since the summer as British households expressed concerns about the prospects for the economy next year.

The GfK consumer confidence index dropped one point to +1 from the previous month and a high of +7 in July, after respondents said the prospects for the global economy had weakened.