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U.K. House Prices Stall, Consumer Pessimism Hits Seven-Year High

  • Brexit will make the next few months turbulent, GfK says
  • Household, corporate caution is holding back economic growth
Aerial Views Of London
Photographer: Matthew Lloyd
Updated on

Concern about Brexit’s impact on the U.K. economy is growing, with consumer worries near crisis-era levels, investment falling and the property market suffering.

Nationwide Building Society said Thursday that house-price growth ground close to a halt as values rose just 0.1 percent in January from a year earlier. That report came hours after research group GfK said consumers are the least optimistic about the economic outlook in seven years.