Britain's longest-running measure of consumer sentiment slipped back to its...
LONDON - Britain’s longest-running measure of consumer sentiment slipped back to its joint-lowest level since 2013 this month, as Brexit uncertainty weighed again on households’ assessment of the economic outlook.
British consumers have generally remained upbeat since 2016’s referendum to leave the EU - partly offsetting weaker business investment - but in recent weeks morale appears to have softened, boding poorly for spending in the run-up to Christmas. “The ongoing machinations in Westminster appear to be impacting how we view our personal financial situation for the coming year with a notable fall ... in this measure in October,” GfK strategy director Joe Staton said.
Britain had been due to leave the EU on Oct. 31, but Johnson was forced by parliament to ask for a delay after failing to pass his transition deal in time and the Brexit deadline has moved back to Jan. 31.
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