Economics
U.K. Consumer Confidence at Almost Six-Year Low, YouGov Says
- Expectations for job security, future business activity slump
- Prolonged Brexit uncertainty set to keep confidence subdued
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U.K. consumer confidence continued to decline in January due to Brexit uncertainty, sinking to the lowest since May 2013, YouGov said Tuesday.
The polling company’s index of optimism dropped by 0.1 points to 104.3, well below where it was before Britain voted to leave the European Union in 2016. Expectations for job security slumped and predictions of business activity fell to the lowest since records began in 2011.