U.K. Faces Hard Brexit as Consumer Confidence Wanes
U.K. households are starting to feel the pain from Brexit-induced pressure on their finances. Multiple reports on Friday showed consumer confidence falling and a weakening of households’ spending power. All of that is likely a reaction to a jump in inflation, which some economists see reaching 3 percent next year as the pound’s post-referendum depreciation feeds through into prices. Brewin Dolphin Head of Fund Research Ben Gutteridge discusses with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."