Economics

U.K. Consumer Confidence Hits Level Last Seen After Brexit Vote

Index slides on concerns over household finances, house prices
Growth in third quarter was driven by higher consumer spending

Shoppers passes a Gap Inc. fashion retail shop while walking along on Oxford Street in central London, U.K., on Tuesday, Nov. 7, 2017. U.K. retail sales fell the most in seven months in October, indicating continued caution among consumers just weeks before the crucial Christmas shopping season.Photographer: Luke MacGregor/Bloomberg

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By David Goodman

November 24, 2017 at 12:01 AM UTC

This article is for subscribers only.

U.K. consumer confidence tumbled in November, reaching the lowest level since the aftermath of the Brexit vote.

YouGov and the Centre for Economics and Business Research said optimism suffered its biggest monthly decline since the month after the referendum, with all eight measures that make up the index falling.