There is growing optimism on personal finances for the coming year despite stubborn inflation, according to research group GfK’s long-running Consumer Confidence Index.

Consumer confidence has rebounded to its highest level in a year despite the continuing cost-of-living woes, according to a long-running index.

Consumer confidence is in “freefall” - including the confidence of personal finance savers.

Consumer confidence has jumped seven points in December with personal finance confidence rising significantly boosted by the vaccine roll-out, according to new market research.