Businesses feel confident in their future but consumer confidence slumps to the low recorded post-Brexit vote November 30, 2017 Confidence in business prospects has risen to its highest level since April 2017, while consumer confidence has dipped to the lows recorded in the wake of the Brexit vote, according to new figures out today. Lloyds Bank’s business barometer for November found that business confidence dipped two points to 24 per cent, and economic optimism [...]
Ministers must show they are pro-business by tackling costs in the Budget February 27, 2017 Momentum behind the post-Brexit consumer-spending boom appears to be slowing. As City A.M. reports today, a GfK poll found that UK consumers’ confidence took a turn for the worse this month, with the index slipping a point to a score of minus six. It would be easy to dismiss the dip as mere jitters but [...]
Consumer confidence climbed this month, but signs point to slowing spending in 2017 January 30, 2017 Overall consumer confidence edged up this month, but Britons showed they have less faith in making major purchases, signalling a spending slowdown in the year ahead, a new report suggests. GfK's consumer confidence index, published today, climbed two points to minus five in January. Three of the five measures experienced increases this month, one was unchanged and one decreased. It was the [...]
Resilient British consumers grow more confident about personal finances, but see storm clouds ahead for the UK economy December 22, 2016 British consumers have ended the year on a resilient note, with confidence rising despite gloomy forecasts for the economy, according to a long-running survey. Consumer confidence increased in December by one point, driven higher by a positive attitude towards making major purchases such as furniture or white goods, says the index compiled by market research [...]
Big ticket purchases help shore up consumer confidence October 28, 2016 Consumer confidence is still holding steady following the EU referendum, defying expectations of a freeze in spending. The GfK consumer confidence index, out today, came in at minus three in October, down slightly from minus one last month, but holding well above the minus nine recorded in the weeks immediately after the vote. GfK also found [...]
The IMF is wrong to be so gloomy: The British economy is strengthening not weakening post-Brexit October 5, 2016 I have two problems with the latest analysis of UK economic prospects in the IMF World Economic Outlook released this week. First, it is slightly dated and doesn’t take on board some important recent releases. The IMF is behind the curve. Second, the UK forecasts for next year appear to be based more on assumption [...]
Topps Tiles share price slides after company warns on low consumer confidence October 5, 2016 Topps Tiles said this morning that it had been hit by the fall in consumer confidence following the Brexit vote. After the company announced a slowdown in like-for-like sales growth to 1.4 per cent its share price slid more than six per cent. The sales dip was in part to due to a strategic change to [...]
Consumer confidence hits pre-referendum levels, but could inflation knock the UK economy off course? September 29, 2016 Brits are feeling just as optimistic about the state of the UK economy as they were before the referendum, a leading indicator has revealed. GfK’s consumer confidence barometer, out today, has bounced back to levels last seen in May and June, before the UK’s historic vote to leave the EU sent the index crashing at [...]
House price confidence ticked upwards in September as Brexit fears faded September 26, 2016 As worries about the effect of the Brexit vote on the UK economy start to fade, Londoners have become more confident about the price of their home. According to research by Knight Frank, people across the UK believe the value of their house increased in September. Londoners perceived the biggest house price growth of anywhere in [...]
Economists are expecting more positive data on consumer confidence this week as shoppers shrug off the Brexit vote September 25, 2016 Consumers' worries about the economic impact of the Brexit vote are fading, as economists are expecting positive data on sentiment to be released this week. Confidence in the UK economy slumped immediately after the EU referendum, but now economists are expecting an uptick. Read more: West End gets Brexit boost as sales to tip over [...]