Economics
U.K. Confidence Falls to Lowest Since Just After Brexit Vote
- GfK’s sentiment index falls to -10 in June from -5 in May: GfK
- Squeeze from inflation, election debacle weigh on sentiment
This article is for subscribers only.
Sentiment among U.K. households fell to its lowest level since just after the Brexit vote as the rising cost of living and inconclusive general election deterred Britons from spending on big-ticket items.
GfK’s consumer-confidence index dropped to minus 10 this month, the weakest since the minus 12 recorded July 2016, the first full survey after the European Union referendum, the market-research firm said Friday. Its survey of 2,000 Britons, carried out before and after the June 8 election, found their attitude toward the economy and their personal finances deteriorated. A gauge of their inclination to make major purchases also plunged to the lowest in a year.