A THIRD of British shoppers say they have no spare cash after covering their overheads.
Consumer confidence in spending is plunging to an all-time low, according to the latest survey by information company Nielsen and the British Retail Consortium (BRC).
Consumers’ biggest concerns for the next six months continue to be the squeeze on household budgets.
Rising utility bills is the number one concern, followed by the economy and a jump in fuel prices.
However, the Consumer Confidence Index revealed an overall lift as people felt more upbeat about their job prospects.
BRC director general Stephen Robertson said: “The squeeze on disposable incomes is getting tighter.
“A third of people said they have no spare cash – a new record high ... households who do have money are paying off debts and to build up savings,” he added.