Nationwide Building society announced that U.K. consumer confidence dropped in March to the lowest record since July 2008 as a result of concerns with regard reducing budget deficit with the possibility of having minority government. The report showed that sentiment slipped to 72 from 81 in February, expectations for the economy in the coming six months plummeted to 105 from 116, people's current perception of the economy edged down to 24 from 28, while index measuring whether it is good time now surged to 96 from 94.

With a deficit of 12% of GDP, doubts are increasing that recovery may wane and the Greek agony may occur in the U.K. At the same time, the Conservatives' weak advance against Labour party in elections will not be able to provide them majority in Parliament.