长沙USDT市场交易|【唯一TG:@heimifeng8】|Telegram账号盗号云控破解✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨UK consumers cut back on luxuries
Sandra Halliday Published
June 12, 2025
British consumers remain gloomy about the economy, and this is causing them to cut back on luxury spending as they prioritise essentials, according to a new study from global consultancy Simon-Kucher.
Called Unlocking Growth in Times of Uncertainty, it found that 45% of respondents in the UK expect the financial outlook to worsen in the next 12 months, with only 24% expecting things to improve.
That mirrors sentiment seen in other European markets such as Germany and the Netherlands, but is in sharp contrast to consumer sentiment in Brazil, China, the UAE and Mexico, where there’s more optimism about the future.
The company spoke to 1,000 consumers in the UK with many saying they will cut back on buying non-essential items such as luxury goods and that they’d like more FMCG companies to offer higher discounts and more frequent promotions to help ease financial insecurities.
That said, while less than a quarter feel things are set to improve, it’s better than six months ago. But, like the regular monthly GfK consumer confidence surveys, “improving” sentiment can’t disguise the fact that the overall mood is downbeat.
Simon-Kucher said that 28% of all UK consumers plan to reduce their spending budget in 2025, especially for non-essentials such as luxury, entertainment and leisure items. However, more than one-third of consumers signalled that they expect to spend more on essentials such as food. This is likely to be driven by the visible price increases that have been experienced recently in the sector.
James Brown, Senior Partner at Simon-Kucher, said of this: “When it comes to items considered to be non-necessities, manufacturers and retailers will need to look for innovative ways to attract and incentivise budget-minded shoppers.”