Joe Staton on British elections 2017

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Last quote by Joe Staton on British elections 2017

This month's survey covers the period before and after the UK general election and reveals a sharp drop in confidence among consumers across all measures. Strong consumer spending has propped up the economy since last June but now the twin pressures of higher prices and sluggish wage growth are squeezing household finances and adding to widespread fears of a Brexit-induced economic slowdown. All this concern will worry the UK's retailers, with this month's plunge in the major purchase index reflecting our increased caution over non-food spending and our softening appetite for debt.feedback
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Jun 30 2017
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