Consumers and the Economic Outlook - UK - February 2019
“Concern over the impact of Brexit is more severe than at any other time since Mintel stated tracking this measure, including the initial shock in the immediate aftermath of the vote. Theresa May’s withdrawal agreement was the first glimpse of anything resembling certainty since Article 50 was triggered in March 2017. That it was so resoundingly rejected by Parliament has left the country in another state of confusion, and consumers are worried about what will happen.
People’s confidence in their own financial situation, though, has been on the up in the last three months, buoyed by faster-growing wages and low unemployment. Planned spending has also grown, suggesting that consumers will get on as usual unless the economic situation significantly changes.”
– Rich Shepherd, Senior Financial Services Analyst
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