Brexit: UK consumer confidence falls to lowest level since immediately after vote, survey reveals | The Independent
Consumer research group GfK’s long-running confidence index fell by two points this month, to minus 12 – a level last seen in July 2016
UK consumer confidence has fallen to its lowest level since immediately after last year’s Brexit vote, with concerns around the economy particularly depressing sentiment, a new study reveals.
Consumer research group GfK’s long-running confidence index fell by two points this month, to minus 12 – a level last seen in July 2016.
“The economic picture across the UK remains confusing,” said Joe Staton, head of market dynamics at GfK. “Yes, employment is booming, but wages have fallen in real terms since 2008 once inflation is taken into account. And while consumers have increased borrowing to carry on spending, the household savings ratio is now at a record low,” he said.
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